16.01.2020 2G Energy AG  DE000A0HL8N9

DGAP-News: 2G Energy AG starts FY 2020 with tailwind


DGAP-News: 2G Energy AG / Key word(s): Incoming Orders
2G Energy AG starts FY 2020 with tailwind

16.01.2020 / 08:30
The issuer is solely responsible for the content of this announcement.

  • Q4 2019 new order intake of EUR 36.1 million up significantly compared with the previous year (EUR 31.0 million, +16 %)
  • Higher new order intake especially for natural gas driven plants, both in Germany and abroad
  • US subsidiary boosts FY 2019 new order intake by EUR 9.6 million (+94 % year-on-year), international business increases by a total of 7 % to EUR 64.6 million

2G Energy AG (ISIN DE000A0HL8N9), one of the internationally leading manufacturers of gas driven combined heat and power systems (CHP systems), reports continued brisk demand for its systems both in Germany and abroad. New order intake in the fourth quarter of 2019 was up by 16 % year-on-year to reach EUR 36.1 million. New order intake increased by EUR 3.5 million (+22 %) in Germany and by EUR 1.6 million abroad (+11 %).

With regard to gas types, the natural gas market showed signs of recovery in the fourth quarter. A total of EUR 16.7 million of new orders were acquired, representing a 26 % increase over the previous year (EUR 13.3 million). The share of natural gas thereby continues to gain in significance and accounted for 46 % of total new order intake (previous year: 43 %). In Germany, fourth-quarter new order intake for natural gas driven plants rose by EUR 2.3 million year-on-year to EUR 7.3 million, which also stood above the previous average for the first three quarters of 2019 (EUR 5.2 million).

Following the strong fourth quarter, new order intake for FY 2019 reached a total of EUR 140.9 million, down by just 13 % on the previous year (EUR 161.6 million). While new order intake, especially in the first half of the year, was partly up to 30 % below the level of the previous year, which was characterized by the special situation in the German biogas market business cycle, it accelerated significantly from September onwards. The reorganization measures initiated in the US subsidiary in FY 2018 took full effect in 2019 with fourth-quarter new order intake amounting to EUR 9.0 million (including Canada; previous year: EUR 2.9 million). On a full-year view, new order intake in this market has thereby more than doubled to EUR 21.7 million (previous year: EUR 10.2 million).

Management Board expects brisk start to the year and further sales growth for 2020
For the current year, the Management Board expects the dynamic new order intake trend to continue, both in Germany and abroad. In the domestic German market, the market for natural gas driven plants is expected to pick up further, while in the biogas market it remains to be seen whether a final rally will occur ahead of the flexibility premium expiry at the end of November.

Overall, the Management Board sees its organic growth strategy as being confirmed. The growth in net sales of up to 10 % planned for the current year - as already announced - to thereby reach full-year net sales of between EUR 230 million and EUR 250 million, is already well secured thanks to the high order book position and encouraging market signals at home and abroad. By 2024, the Management Board expects to be able to increase annual net sales to around EUR 300 million.

2G company portrait
2G Energy AG is an internationally leading full service provider of combined heat and power plants (CHP) with electric output between 20 kW and 2,000 kW, which are deployed for the decentralized generation and supply of electricity and heating. 2G is consistently expanding its technology leadership through continuous research and development work, both in gas engine technology for natural gas, biogas and synthetic gas applications (e.g. hydrogen), as well as in specific software development. In particular, this product range, which is based on thousands of plants realized, significantly differentiates 2G from its competitors.

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 June 30, 2019, company founders Christian Grotholt and Ludger Gausling held a 53.0 % interest in the company, with the free float amounting to 47.0 %.

2020 calendar dates
January 16     Pareto Securities Power and Renewable Energy Conference, Oslo
February 27   Preliminary consolidated sales for the FY 2019
March 18-19  Metzler MicroCap Days
April 2            Preliminary results for the FY 2019, 2020 guidance
May 8            Publication of the consolidated financial statements for the FY 2019
May 18-19     Spring conference, Frankfurt am Main
May 28         Q1 key figures and business trends
June 23        Ordinary AGM, Ahaus
September 17   Consolidated financial statements as of June 30, 2020
November 16    Q3 key figures and business trends
November 16-18 German Equity Forum

IR contact
2G Energy AG
Benzstrasse 3, 48619 Heek
Telephone: +49 (0) 2568 93 47-2795
Fax: +49 (0) 2568 93 47-15
Email: [email protected]
Internet: www.2-g.de

16.01.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: 2G Energy AG
Benzstr. 3
48619 Heek
Phone: +49 (0)2568-9347-0
Fax: +49 (0)2568-9347-15
E-mail: [email protected]
Internet: www.2-g.de
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Stuttgart, Tradegate Exchange
EQS News ID: 954407

End of News DGAP News Service

954407  16.01.2020 


Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 152,88 174,30 189,40 209,78 236,40 246,73 257,00
EBITDA1,2 8,07 9,24 11,12 15,37 19,17 20,11 22,20
EBITDA-Marge3 5,28 5,30 5,87 7,33 8,11 8,15 8,64
EBIT1,4 4,77 5,65 7,33 11,45 15,45 16,45 18,20
EBIT-Marge5 3,12 3,24 3,87 5,46 6,54 6,67 7,08
Jahresüberschuss1 2,60 1,78 4,92 7,61 10,30 11,96 12,45
Netto-Marge6 1,70 1,02 2,60 3,63 4,36 4,85 4,84
Cashflow1,7 2,06 6,38 12,85 4,88 1,92 9,79 8,50
Ergebnis je Aktie8 0,59 0,40 1,11 1,72 2,33 2,70 2,78
Dividende8 0,37 0,40 0,42 0,45 0,45 0,45 0,50
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: PricewaterhouseCoopers

2G Energy
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0HL8N 103,000 Kaufen 461,96
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
30,29 24,86 1,22 64,21
6,05 47,21 1,87 22,70
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
0,45 0,50 0,49 03.06.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
19.05.2022 08.09.2022 18.11.2021 21.04.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-4,75% 8,67% 14,70% 21,61%
Wirtschaftsprüfer BGFL-Scoring Coverage
PricewaterhouseCoopers 0,000
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