Börse Express – EQS-News: 2G Energy AG increases sales and EBIT in the third quarter (German)

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.

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