04.07.2018
2G Energy AG DE000A0HL8N9
DGAP-News: 2G Energy AG pays out EUR 0.42 per share dividend
DGAP-News: 2G Energy AG / Key word(s): Dividend/Incoming Orders
2G Energy AG pays out EUR 0.42 per share dividend
04.07.2018 / 13:11
The issuer is solely responsible for the content of this announcement.
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- Shareholders approve all agenda items
- Continued strong new order intake underpins 2018 guidance
- CHP system for Quirinus subsidy project successfully commissioned
Heek, July 4, 2018 - At today's Ordinary General Meeting of Shareholders in
Ahaus, the shareholders of 2G Energy AG (ISIN DE000A0HL8N9), one of the
internationally leading manufacturers of gas driven combined heat and power
(CHP) systems, approved the distribution of a dividend of EUR 0.42 per share
for the 2017 financial year by a large majority. In the previous year, the
dividend was raised from EUR 0.37 to EUR 0.40. 2G paid a dividend for the
first time for the 2011 financial year.
Furthermore, the approximately 160 shareholders present approved the other
agenda items such as the discharge of the Management and Supervisory boards
as well as the election of the auditor for the financial statements for the
2018 financial year. The Management Board presentation about the financial
year elapsed as well as the explanation of 2G Energy's growth strategy were
also received positively. "We aim to sustainably improve our margin position
with the efficiency measures we introduced in 2017 and the dynamic expansion
of our service business," was how Christian Grotholt, CEO of 2G Energy AG,
expressed his confidence. "At the same time, we are on a clear growth track
- which is reflected in high demand for our innovative combined heat and
power systems. Long-term, we continue to assume that we can tap 10 % of the
world market for CHP systems which is relevant today, which would represent
sales revenue of EUR 300 million," added CFO Friedrich Pehle.
New order intake in the first half of 2018 amounted to a total of EUR 96.3
million (previous year: EUR 65.4 million). The significant growth of nearly
50 % derives primarily from Germany, where new orders rose from Euro 35.6
million to Euro 63.3 million. Order intake abroad also rose by 11% to EUR
32.9 million. Accordingly, the planning for the full 2018 year, which
envisages sales in a range between EUR 180 million and EUR 210 million and
an EBIT margin within a range between 3.5 and 5.5 %, is already well
secured. In the 2017 financial year, the 2G Group generated revenue of EUR
189.4 million and EBIT of EUR 7.3 million.
CHP system for Quirinus subsidy project successfully commissioned
As part of the "QUIRINUS" group project with ten partners from industry,
research and grid operations, which the European Union and the Land of
North-Rhine Westphalia are promoting, 2G has conducted its first successful
field tests with a CHP system. The background to this project, which is
subsidized to the tune of EUR 6.0 million, is the aim to avoid critical
conditions in the power grid through real-time-based management of thousands
of decentral power generation plants, power storage facilities and flexibly
controllable power consumption systems and thus make a significant
contribution to supply security. This entails a grid control center
regulating more than 15,000 decentralized and predominately regenerative
production systems, depending on the current generation, consumption and
grid situation. The test region is situated in the Rhineland region bounded
by the triangle of Düsseldorf, Cologne and Aachen, comprising approximately
1.4 million inhabitants within an area of around 450 m².
In this project, 2G is contributing its wealth of experience in the area of
dedicated network solutions, system services and the integration of
small-scale CHP systems to form virtual power plants. The CHP system from
its avus series with electric output of 550 kW which 2G is making available
for the pilot project provides electric output in line with demand and which
cannot be provided by volatile generators, thereby making a significant
contribution to grid stability. Moreover, 2G CHPs are able to develop a
dedicated network in the case of grid outage. For this reason, part of this
project entails provoking a blackout in a grid section, with an attempt made
to partly maintain electricity supplies by means of a small-scale CHP
system, in order to prove that a 2G system can actively support grid
restoration.
2G company portrait
2G Energy AG is an internationally leading full-service provider of combined
heat and power systems (CHP) with electric output between 20 kW and 2,000
kW, which are harnessed for the decentralised 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 systems realised,
significantly differentiates 2G from its competitors.
2G benefits from global long-term trends that make efficient and effective
energy solutions ever more important. These trends include not only rising
energy demand but also the need to conserve natural resources. Moreover, in
the energy revolution's future electricity market design, the digitalisation
consistently implemented by 2G 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 600 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 31 countries and generated net sales of EUR 189.4
million in the 2017 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 April 2018, company founders Christian Grotholt and
Ludger Gausling held a 53.3 % interest in the company, with the free float
amounting to 46.7 %.
2018 calendar dates
September 27, 2018 Consolidated half-year financial statements as of June
30, 2018
November 26, 2018 Q3 key figures and business trends
November 26-27, 2018 Germany Equity Capital Forum 2018
December 4-5, 2018 Midcap Event, Geneva
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.com
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04.07.2018 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.
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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
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Frankfurt (Scale), Stuttgart, Tradegate Exchange
End of News DGAP News Service
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701595 04.07.2018
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