27.02.2020 2G Energy AG  DE000A0HL8N9

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
2G Energy AG: 2G net sales grow to around EUR 236 million in FY 2019

27.02.2020 / 08:30
The issuer is solely responsible for the content of this announcement.

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
A key impetus for the further strong increase in net sales derived particularly from brisk international business and from service. According to the preliminary results, international business rose in absolute terms to around EUR 84 million (previous year: EUR 72.7 million), while service business increased to around EUR 90 million (previous year: EUR 78.0 million).

Management Board specifies revenue forecast
In view of the constant growth in international and service business and the order book position of EUR 116.8 million as of December 31, 2019 (previous year: EUR 131.5 million), the Management Board expects further growth in the current financial year and is specifying its net sales forecast at between EUR 235 million and EUR 250 million. Most of the sales growth in 2020 will come from North and Central America. The Management Board does not fear any negative effects of the corona crisis in Asia, as Japan is the only country where substantial new orders for new plants were received in 2019, namely in the amount of EUR 3.4 million (2018: EUR 6.8 million).

2G receives further order for hydrogen CHP
APEX Energy Teterow GmbH in Rostock-Laage has commissioned 2G to supply a highly innovative hydrogen cogeneration plant (H2-CHP) for operation with regenerative hydrogen. 2G's agenitor 404c H2 cogeneration unit with electrical output of 115 kW (129 kW thermal) is to be delivered as a ready-to-connect container solution and is scheduled to go into operation in April 2020. APEX Energy is deploying the cogeneration plant in order to generate electricity and heat for own use at its Rostock-Laage site. The plant produces APEXIS energy storage systems, which require hydrogen produced by means of an electrolyzer in order to operate. The hydrogen production is based on electricity from photovoltaic and wind energy plants.

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 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
March 18-19 Metzler MicroCap Days, Frankfurt am Main
April 2 Preliminary results for the FY 2019, 2020 guidance
April 23 Solventis Aktienforum, Frankfurt am Main
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 23 Q3 key figures and business trends

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

27.02.2020 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.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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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: 984663

End of News DGAP News Service

984663  27.02.2020 


Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 174,30 189,40 209,78 236,40 246,73 266,35 306,00
EBITDA1,2 9,24 11,12 15,37 19,17 20,11 21,87 27,00
EBITDA-Marge3 5,30 5,87 7,33 8,11 8,15 8,21 8,82
EBIT1,4 5,65 7,33 11,45 15,45 16,45 17,93 23,00
EBIT-Marge5 3,24 3,87 5,46 6,54 6,67 6,73 7,52
Jahresüberschuss1 1,78 4,92 7,61 10,30 11,96 12,64 16,20
Netto-Marge6 1,02 2,60 3,63 4,36 4,85 4,75 5,29
Cashflow1,7 6,38 12,85 4,88 1,92 9,79 8,86 10,20
Ergebnis je Aktie8 0,40 1,11 1,72 2,33 2,70 2,82 3,60
Dividende8 0,40 0,42 0,45 0,45 0,45 0,50 0,55
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2021 - 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 98,600 Kaufen 442,22
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
22,93 26,49 0,87 57,83
4,78 49,90 1,66 19,55
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
0,45 0,50 0,51 03.06.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
19.05.2022 08.09.2022 21.11.2022 21.04.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-10,79% -6,24% -4,46% 11,16%
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Kraftwerke , A0HL8N , 2GB , XETR:2GB