16.02.2017
2G Energy AG DE000A0HL8N9
DGAP-News: 2G Energy AG starts the year 2017 with tailwind
DGAP-News: 2G Energy AG / Key word(s): Incoming Orders/Miscellaneous
2G Energy AG starts the year 2017 with tailwind
16.02.2017 / 07:53
The issuer is solely responsible for the content of this announcement.
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- High utilization of production capacity in the Heek location
- Order book posts EUR 91.2 million at year-end 2016 (2015: EUR 85.5
million)
- 2G switches to the new "Scale" stock exchange segment
2G Energy AG (ISIN DE000A0HL8N9), a leading German manufacturer of gas
powered cogeneration (CHP) systems, has started the year 2017 with full
order books. As of December 31, 2016, 2G reported orders on hand of EUR
91.2 million (2015: EUR 85.5 million; 2015: EUR 42.3 million). Despite
traditionally strong year-end sales, a high order book was therefore
transferred to the new year 2017.
In international business, the UK and the USA above all, with EUR 16.4
million and EUR 11.9 million respectively, contributed to the high order
book position. Along with these two international core markets, France was
the third largest market on the reporting date with orders on hand of EUR
7.7 million, followed by Japan (EUR 3.7 million). This gratifying
development substantiates 2G's decision to develop the French market
through its own subsidiary since September 2016. Moreover, the relatively
high total order backlog reflects the results of the increased sales
activities abroad.
Positive outlook
New business, meaning the sum of orders that are part of the backlog but
are not yet in progress, stood at EUR 53.7 million as of December 31, 2016
(2015: EUR 52.0 million). Against the backdrop of surplus orders and
customer demand running at a steady and healthy level, 2G has commenced the
fiscal year 2017 with positive prospects of growth in sales and earnings.
The forecast for fiscal year 2017 will be released on April 27, 2017.
2G switches to the new "Scale" stock exchange segment
2G Energy AG will be switching to Deutsche Börse AG's new "Scale" segment
and anticipates being admitted to the successor segment of Entry Standard
as from the date of its launching on March 1, 2017. 2G Energy AG has been
listed on Entry Standard since 2007. The company has meanwhile seen
significant growth and positioned itself promisingly through its technology
in the domestic and international arenas. The Management Board anticipates
that the company will attract greater attention from investors and the
media through the new "Scale" segment owing to the reduced and selected
number of companies compared with Entry Standard.
Switching to this segment will bring additional obligations aimed at
further enhancing transparency which, however, have been familiar territory
for 2G for years. 2G Energy AG satisfies Deutsche Börse AG's requirement to
hold an annual analyst and investor conference by participating in the
German Equity Forum in Frankfurt. This is supplemented by requiring
mandatory coverage by two providers determined by Deutsche Börse. 2G
already has commissioned several analyst firms with conducting research
since many years, with other reports also being published on a voluntary
basis. It should be mentioned that the in future additional qualitative as
well as quantitative research will not include investment recommendations.
Another novelty is the extended period of four months for publishing the
half-yearly report. 2G will, however, adhere to its former practice, which
will mean the interim financial report will be released at the end of
September 2017, as usual.
2G company portrait
2G Energy AG ranks among the world's leading manufacturers of cogeneration
(CHP) systems for decentralized energy production and supply by means of
combined heat and power. The company's product portfolio includes systems
with 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 40 countries to date. Especially
in the 50 kW to 550 kW performance range, 2G commands proprietary
technological combustion engine concepts characterized by low specific fuel
consumptions, high operational availability and optimized 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 the combined heat
and power performance.
Along with the construction of combined heat and power stations, the
company, located in Westphalia in the northwest 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 decentralized 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,
for example, has been created with a software solution. Overall, the 2G
power plant 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 digitalization-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 53.3 % of the shares as of the end of January 2017,
with the free float amounting to 46.9 %.
2017 dates
April 27, 2017 Preliminary figures as of December 31, 2016 for the 2G
Group,
FY 2017 results guidance
May 30, 2017 Publication of Group Financial Report as of Dec. 31, 2016
July 11, 2017 Ordinary AGM, Ahaus
Sept. 28, 2017 Semiannual consolidated financial statements as of June 30,
2017
Nov. 27-29, 2017 German Equity Capital Forum 2017
Nov. 30, 2017 Q3 key figures and business trends
IR contact
2G Energy AG
Benzstr. 3, 48619 Heek
Tel.: +49 (0) 2568 93 47-2795
Fax: +49 (0) 2568 93 47-15
Email: [email protected]
Internet: www.2-g.de
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16.02.2017 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.
Archive at www.dgap.de
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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, Tradegate Exchange; Open Market (Entry
Standard) in Frankfurt
End of News DGAP News Service
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544947 16.02.2017
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