11.02.2016
2G Energy AG DE000A0HL8N9
DGAP-News: 2G Energy AG starts the year 2016 with a high order book position
DGAP-News: 2G Energy AG / Key word(s): Incoming Orders
2G Energy AG starts the year 2016 with a high order book position
11.02.2016 / 07:56
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
- Adoption of the amended CHP Act (KWKG) triggers strong order flow in
December 2015
- Order book position of EUR 85.5 million at year-end 2015 (2014: EUR
42.3 million)
- Growing international business and rising share of natural gas powered
CHPs affirms corporate strategy
2G Energy AG (ISIN DE000A0HL8N9), a leading German manufacturer of gas
powered cogeneration (CHP) systems, is recording strong year-end business
with an order intake that significantly exceeds the preceding years. As of
December 31, 2015, 2G reported orders on hand of EUR 85.5 million (2014:
EUR 42.3 million; 2013: EUR 46.0 million). With these figures and in the
case of other information, it should be noted that the order backlog from
the USA is included only since February 26, 2015, the date when the US
sales company was fully taken over. The order book breaks down into 57 % of
natural gas powered CHP systems (2014: 55 %) and 43 % (2014: 45 %) of
biogas powered CHP systems, with around 41 % being generated by
international business (2014: 26 %). Along with gratifying order levels in
the key international markets of the USA (EUR 12.2 million) and the UK (EUR
14.3 million), 2G has also succeeded in strengthening its position in other
markets such as France, Japan and Poland.
Among other factors, this strong year-end order intake was driven by the
adoption of the amended CHP Act on December 18, 2015, under which the
necessary legal stability and investment security has returned to the
German cogeneration market. The legislator has given cogeneration investors
the option of choosing between subsidies under the former 2012 CHP Act or
those offered under the 2016 CHP Act if orders for systems are placed by
December 31, 2015 and these systems are online by December 31, 2016. 2G
reported in detail on the CHP Act that entered into force on January 1,
2016 in its corporate news released on January 12, 2016.
Consequently, in retrospect, 2G's assessment of the year 2015 as a year of
transition between the 2014 German Renewable Energies Act (EEG) and the
2016 CHP Act has proved to be correct. In view of the fact that the
amendment to the German Renewable Energies Act in 2014 prompted a phase of
exceptionally strong business and record sales for 2G, orders in 2015 were
clearly held back in anticipation of the amendment to the CHP Act in
Germany.
In the current 2016 fiscal year, the high level of orders provides a very
good starting point. New business, meaning the total sum of orders that are
part of the backlog but are not yet in progress, stood at EUR 52.0 million
as of December 31, 2015 (2014: EUR 17.4 million; 2013: EUR 18.1 million).
Owing to certain order cancellation deadlines, individual orders may be
rescinded in the first quarter of 2016. As a result of business developing
well, 2G enjoys high liquidity that was attributable to final invoices made
out at year-end 2015, the quarterly billing of full maintenance contracts,
as well as payments on account for new orders. Against the backdrop of
steady customer demand, the Management Board anticipates growth in sales
and earnings in the current 2016 fiscal year compared with the previous
year. The company will publish a specific forecast for 2016 at the end of
April.
2G Energy company portrait
2G Energy AG ranks among the world's leading manufacturers of cogeneration
(CHP) systems for decentralised energy production and supply by means of
combined heat and power. The company's product portfolio includes systems
with an electric capacity between 20 kW and 4,000 kW for operation with
natural gas, biogas, biomethane and other lean gases. 2G has successfully
installed several thousand CHP systems in 35 countries to date. Especially
in the 50 kW to 550 kW performance range, 2G possesses proprietary
technological combustion engine concepts characterised by low specific fuel
consumptions, high operational availability and optimised service
intervals. Besides the main production site at the Group headquarters in
Heek, Germany, the company has invested in an additional production and
sales & service site in St. Augustine, Florida, USA. 2G's customers range
from agricultural and industrial operations, local authorities, and the
residential sector through to municipal utilities and large-scale
utilities. The high level of customer satisfaction is founded on a dense
service network as well as 2G power stations' high technical quality and
performance. These power stations achieve an overall degree of efficiency
from 85 percent and to well above 90 percent thanks to combined heat and
power performance.
Along with the construction of combined heat and power stations, the
company, located in Westphalia in the north-west of Germany, offers
integrated solutions spanning the planning stage and installation through
to service and maintenance work. In the context of the energy policy
revolution, and as part of modern energy supply concepts, CHP systems are
gaining considerably in importance in intelligent energy grid systems -
so-called virtual power plants - due to their decentralised and scalable
operation, and predictable availability.
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. The "virtual power plant" operating type has
been created with a software solution, for example. Overall, the 2G system
is thereby operated on a basis that is "heating-managed and
electricity-oriented" in order to significantly simplify integration within
a grid group. In the energy policy revolution's future electricity market
design, such digitalisation-enabled flexibility 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 shares of 2G Energy (ISIN DE000A0HL8N9) have been listed in the Entry
Standard of Deutsche Börse AG since July 31, 2007. The share capital
amounts to EUR 4,430,000, and is divided into 4,430,000 shares. The
company's founders held 55.3 % of the shares as of December 31 2015, with
the free float amounting to 44.7 %.
2016 dates
April 28, 2016 Preliminary figures as of December 31, 2015 for the
2G Group, FY 2016 results guidance
May 25, 2016 Annual consolidated financial statements as of December 31,
2015, Q1 key figures and business trends
July 5, 2016 Ordinary AGM, Ahaus
Sept. 27, 2016 Semiannual consolidated financial statements as of
June 30, 2016
Nov. 21-23, 2016 German Equity Capital Forum 2016
Nov. 30, 2016 Q3 key figures and business trends
Further information: www.2-g.de
Contact
2G Energy AG
Benzstraße 3
48619 Heek
Telephone: +49 2568 9347-2795
Telefax: +49 2568 9347-15
E-Mail: [email protected]
Internet: www.2-g.de
---------------------------------------------------------------------------
11.02.2016 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.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
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
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Stuttgart; Open Market (Entry Standard) in Frankfurt
End of News DGAP News Service
---------------------------------------------------------------------------
436407 11.02.2016
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
2G Energy AG ISIN: DE000A0HL8N9 können Sie bei EQS abrufen
Kraftwerke , A0HL8N , 2GB , XETR:2GB