Wind farm project developer PNE confirms outlook after a good 9 months.

PNE, a wind farm project developer, has posted higher turnover for Jan-Sep 2022 and made a profit again on balance. The company, which announced a full project pipeline, was able to counteract the higher material expenses through the higher number of systems in operation and high electricity costs. The company confirmed its outlook. Overall output increased to EUR 152 M for Jan-Sep 2022 from EUR 134.6 M for Jan-Sep 2021. Sales increased from EUR 54.2 M to EUR 76.7 M. Earnings before interest, taxes, depreciation and amortization (EBITDA) grew by two thirds to EUR 21.1 M. Earnings per share improved to EUR 0.09 after a loss in Jan-Sep 2021. PNE continues to anticipate an EBITDA in the range of EUR 20 M to EUR 30 M for 2022. Original Source: Chemie Aktuell, http://www.maerkte-weltweit.de.