PNE AG has announced a robust start to the 2026 financial year, with first-quarter results reflecting significant growth across key financial metrics. The company reported total operating revenue of EUR 68.9 million, up from EUR 55.7 million in the same period last year, while revenue increased sharply to EUR 56.2 million from EUR 27.9 million. Normalised EBITDA, which adjusts for one-off effects, surged to EUR 17.9 million compared to EUR 3.6 million in the prior year. The operating result (EBIT) turned positive at EUR 3.2 million, reversing a loss of EUR 7.3 million.
The positive performance was driven by the sale of four wind energy projects and one photovoltaic project during the quarter. Additionally, the company secured permits for 14 new wind and photovoltaic projects with a combined capacity of 335.9 MW. Heiko Wuttke, CEO of PNE AG, attributed the results to successful project sales and improved wind conditions, noting initial successes from the company's transformation and cost-cutting programme, Focus & Deliver.
The project pipeline remained stable at 21.7 GW as of March 31, 2026, with onshore wind energy projects holding steady at 14.6 GW and photovoltaic projects slightly declining to 7.1 GWp from 7.2 GWp. Eight wind farms with a total output of 122.0 MW were under construction in Germany, including four service projects totaling 59.0 MW. In the power generation segment, better wind conditions boosted output to approximately 262 GWh, up from 197 GWh in the previous year, cutting emissions by about 198,000 tonnes of CO2e compared to 149,000 tonnes in the prior year (source: Federal Environment Agency, 2025).
The services segment also experienced growth, with the volume of contracts under operations management rising to around 3,234 MW from 3,103 MW at the end of 2025, driven by increasing international business. PNE is pressing ahead with its transformation and strategic focus on wind energy onshore, photovoltaics, and battery energy storage systems (BESS), aiming to become a leaner organisation with a stronger emphasis on integrated energy solutions and grid-supporting applications.
Based on the positive first-quarter performance, the Board of Management has confirmed its full-year 2026 guidance, expecting normalized EBITDA to range between EUR 110 million and EUR 140 million. Wuttke expressed confidence for the remainder of the year, citing the strong start and progress across all segments. The full quarterly statement is available at PNE AG's website.
This announcement underscores PNE AG's continued momentum in the renewable energy sector, with implications for the industry as it demonstrates the viability of project sales and operational improvements in driving profitability. For readers, the results highlight the growing importance of diversified renewable energy portfolios and cost efficiency in achieving sustainable growth.
