DGAP-News: 2G Energy AG: 2G net sales grow to around EUR 236 million in FY 2019
DGAP-News: 2G Energy AG
/ Key word(s): Development of Sales/Forecast
Corporate News Heek, February 27, 2020 2G net sales grow to around EUR 236 million in FY 2019 - 2G Energy AG reports increase of more than 12 % to EUR 236 million (previous year: EUR 209.8 million) - EBIT margin expected in the upper half of the earnings forecast (5.5 % to 7.0 %) - Management Board specifies revenue expectations for 2020 at EUR 235 million to EUR 250 million - 2G receives order for a hydrogen CHP system from Apex Energy According to preliminary results, 2G Energy AG (ISIN DE000A0HL8N9), one of the leading international manufacturers of gas-fired combined heat and power (CHP) plants, reports a further increase in net sales in the past financial year of more than 12 % to approximately EUR 236 million. As a consequence, since 2013 the company has remained on its organic growth track of around 10 % per year on average. The most recently communicated net sales forecast (EUR 220 million to EUR 230 million) was exceeded thanks to a high proportion of projects finally invoiced in December. Given this, the Management Board expects the EBIT margin for 2019 to lie in the upper half of the previous earnings forecast (5.5 % to 7.0 % of net sales). As planned, 2G thereby achieves a further increase in profitability after reporting 5.5 %, 3.9 % and 3.2 % in the previous years. Rising international business and service business as sales drivers Management Board specifies revenue forecast 2G receives further order for hydrogen CHP
2G benefits from global long-term trends that make efficient and effective energy solutions ever more important. These include rising energy demand accompanied at the same time by the need to conserve natural resources. Moreover, in the energy revolution's future electricity market design, the digitalization that 2G consistently implements forms an indispensable system-relevant element in combination with solar, wind, biogas and natural gas producers, and creates a high barrier to market entry for competitors. The cogeneration of mechanical energy and heating/cooling make CHP technology more efficient and more environmentally compatible than conventional energy production methods. Compared with conventional electricity generation, CHP technology saves up to 40 percent of primary energy, and emits up to 60 percent less carbon dioxide and nitrogen oxide. 2G customers thereby benefit consistently from economically and ecologically highly beneficial innovations that rapidly pay for themselves and create extensive added values. 2G employs around 640 staff at its headquarters in Heek, Germany, in St. Augustine, USA, as well as at five other European locations. The company is active in a total of 50 countries and generated net sales of EUR 209.8 million in the 2018 financial year. 2G was founded in 1995 and has been listed on the stock market since 2007. The shares of 2G Energy (ISIN DE000A0HL8N9) are listed in the "Scale" segment of the Frankfurt Stock Exchange. The share capital amounts to EUR 4,430,000 and is divided into 4,430,000 shares. As of December 31, 2019, company founders Christian Grotholt and Ludger Gausling held a 52.3 % interest in the company, with the free float amounting to 47.7 %. 2020 calendar dates IR contact
27.02.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | 2G Energy AG |
Benzstr. 3 | |
48619 Heek | |
Germany | |
Phone: | +49 (0)2568-9347-0 |
Fax: | +49 (0)2568-9347-15 |
E-mail: | [email protected] |
Internet: | www.2-g.de |
ISIN: | DE000A0HL8N9 |
WKN: | A0HL8N |
Indices: | Scale 30 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Stuttgart, Tradegate Exchange |
EQS News ID: | 984663 |
End of News | DGAP News Service |
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984663 27.02.2020