“From our point of view, the decline in PNE AG's share price is driven by speculation”

Cuxhaven, 26 August 2024 – In the last few trading days, the PNE share price has fallen significantly. From the company's point of view, these sharp price losses are incomprehensible and driven by speculation.

Per Hornung Pedersen, CEO of PNE AG, comments: “From our point of view, there is no reason for the share price slide in the development of PNE’s business or in the fundamentals. On the contrary: as already explained in the report on the first half year, the operational development is progressing well and we are on schedule. We continue to confirm our guidance of an EBITDA of euro 40 to 50 million for the 2024 fiscal year and are confident that we will achieve this. We also believe we are well positioned for the years after 2024.”