2G Energy AG increases sales and EBIT in the third quarter
EQS-News: 2G Energy AG / Key word(s): Quarterly Results
2G Energy AG increases sales and EBIT in the third quarter
21.11.2022 / 08:30 CET/CEST
The issuer / publisher is responsible for the content of the notification.
2G Energy AG increases sales and EBIT in the third quarter
* Revenues increase to EUR 76.8 million in the third quarter (previous year: EUR 51.5
million euros)
* Total output increases by 35% to EUR 90.1 million (previous year: EUR 67.1 million)
* EBIT increases to EUR 6.1 million at the end of September (previous year: EUR 3.6 million)
* Management confirms sales and earnings forecast for 2022
Heek, November 21, 2022 – 2G Energy AG (ISIN DE000A0HL8N9), one of the
international leading manufacturer of gas-powered
Combined heat and power (KWK) plants, could – as already in the Corporate
News of October 20 communicated using preliminary figures – the
Substantially increase sales in the third quarter. As of September 30th
the now finally consolidated group turnover at 190.8 million euros (previous year:
158.5 million euros).
“In addition to a significantly increased number of projects that have been finally calculated
we have also succeeded in increasing the factory output in the past third quarter
uphold continuously,” explains COO Ludger Holtkamp with a view to
the total output, which had risen to EUR 227.9 million at the end of September
(previous year: 178.7 million). “This is a good basis for achieving the
Group sales forecast of EUR 290 to 310 million set”.
In line with the increase in sales, earnings before interest and taxes rose in the
first nine months to EUR 6.1 million (previous year: EUR 3.6 million), accordingly
an EBIT margin of 3.2% (previous year: 2.3%). “Despite clearer
Cost increases of almost all essential input factors are the
Material cost ratio and the ratio of other operational
Expenses so far only slightly higher than in the previous year. The clearly
increased sales therefore overcompensates for the cost development”, explains
CFO Friedrich Pehle. “With that in mind, we should step up
For the year as a whole, not only our sales target, but also the one we have set
EBIT expectation of 6% to 8%”.
About 2G Energy AG
The 2G Energy AG group of companies is an international leader
Manufacturer of systems for decentralized energy supply. With the
Development, production and technical installation as well as the
The company offers digital network integration of combined heat and power plants
comprehensive solutions in the growing market for highly efficient ones
Combined heat and power plants (CHP plants). service and
Maintenance services are another important performance criterion.
The product range includes in particular CHP systems in the range from 20 kW to
4,500 kW for operation with hydrogen, natural gas, biogas and others
lean gases. More than 8,000 installed 2G systems worldwide supply in
different applications a wide range of customers from companies of the
Housing industry, agriculture, commercial and industrial companies,
Energy suppliers, municipal utilities and municipalities with electrical and thermal
Energy.
2G benefits from global long-term trends that are efficient and decentralized
Making energy solutions increasingly important. This includes the rising
Energy demand with simultaneous need to be gentle with the
handling natural resources. The parallel generation of electric
and thermal energy makes cogeneration technology more efficient and
more climate-friendly than conventional methods of energy production,
especially when, for example, hydrogen is of regenerative origin
used as fuel. The 2G power plants can, as required,
Compensate for production fluctuations of wind and solar power plants and
are therefore – especially when using hydrogen engines – a
The backbone technology of future supply concepts
2G customers consistently from economically and ecologically highly advantageous
Innovations that offer rapid amortization and extensive added value
enable.
2G is expanding its technology leadership through continuous research and development
Development work both in gas engine technology for hydrogen,
Natural gas and biogas applications as well as in the specific
Software development steadily. Furthermore, that of 2G is consistent
implemented digitization in the future electricity market design of the energy transition
in association with the producers of sun and wind, biogas and natural gas
indispensable, systemically relevant element and represents a high level
market entry barrier for competitors.
2G employs around 700 people at its headquarters in Heek, Germany.
in North America and in five other European locations.
The company is active in more than 50 countries
generated sales of EUR 266.4 million in the 2021 financial year. 2G became
Founded in 1995 and publicly traded since 2007. The 2G share
Energy (ISIN DE000A0HL8N9) is in the “Scale” segment of Frankfurt
stock exchange included.
Term 2022/2023
28-29 November German Equity Forum, Frankfurt
23 February Announcement of provisional group sales for 2022
March 30 prep. Figures as of December 31, 2022, forecast for 2023
27 April Publication of the 2022 consolidated financial statements
15-16 May Spring Conference, Frankfurt
May 23 Q1 key figures and business development
June 13 Ordinary General Meeting, Ahaus
IR-Contact
2G Energy AG
Benzstr. 3, 48619 Hake
Phone: +49 (0) 2568 93 47-2795
Fax: +49 (0) 2568 93 47-15
E-Mail: [email protected]
Internet: www.2-g.de
11/21/2022 CET/CEST Publication of a corporate news/financial message,
transmitted by EQS News – a service of EQS Group AG.
The issuer / publisher is responsible for the content of the notification.
The EQS distribution services include statutory reporting obligations, corporate
News/financial news and press releases.
Media archive at https://eqs-news.com
Language: German
Company: 2G Energy AG
Benzstr. 3
48619 Hake
Deutschland
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
Indizes: Scale 30
Stock exchanges: open market in Berlin, Düsseldorf, Frankfurt (Scale),
Stuttgart, Tradegate Exchange
EQS News ID: 1491959
End of message EQS News Service
1491959 21.11.2022 CET/CEST
ISIN DE000A0HL8N9
AXC0048 2022-11-21/08:30
Copyright dpa-AFX business news GmbH. All rights reserved. Redistribution, republication or permanent storage without the express prior consent of dpa-AFX is not permitted.
