- Shareholders approve all agenda items

- Dividend increases for the third consecutive year

- High order book position of EUR 151.0 million as of the end of April secures full production utilization into Q2 2020

Heek, June 25, 2019 - At today's Ordinary Annual General Meeting held in Ahaus, the shareholders of 2G Energy AG (ISIN DE000A0HL8N9), one of the internationally leading manufacturers of gas driven combined heat and power (CHP) plants, has approved the distribution of a dividend of EUR 0.45 per share for the 2018 financial year (previous year: EUR 0.42 per share). This represents the third consecutive dividend increase.

Furthermore, the approximately 200 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 of the financial statements for the 2019 financial year.

Management Board confirms 2019 forecast
In addition, the Management Board confirmed its net sales forecast for the 2019 financial year at between EUR 210 million and EUR 230 million. The level of new order intake for CHP plants until the end of April 2019 supports this net sales target, inasmuch as the new order intake of EUR 46.6 million was again above the average achieved over many years for the first four months of the financial year. Although the previous year's level (EUR 66.3 million; 2017: EUR 37.4 million) was not met, this figure can only be used to a limited extent as a comparative basis due to the extraordinarily high new order intake in 2018 reflecting the flexibilization of biogas plants in Germany. Along with business with new plants, the service business continued to perform well, with net sales and earnings up year-on-year.

The order book position amounted to EUR 151.0 million as of April 30, 2019, catering for two-shift operational capacity utilization at the company until at least into the second quarter of 2020. In terms of earnings for the full 2019 year, the Management Board continues to anticipate an increase in the EBIT margin to up to 7% (previous year: 5.5%). CFO Friedrich Pehle underpinned the full-year forecast in his report to the AGM: "As far as sales growth is concerned, our partner concept will give us a boost, especially internationally. On the cost side, we are benefiting from our "Lead-to-Lean" lead project and the enormous efficiency gains it entails."

2G company portrait
2G Energy AG is an internationally leading full service provider of combined heat and power plants (CHP) with electric output between 20 kW and 2,000 kW, which are deployed for the decentralized 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 plants realized, significantly differentiates 2G from its competitors.

2G benefits from global long-term trends that make efficient and effective energy solutions ever more important. These include rising energy demand accompanied at the same time by the need to conserve natural resources. Moreover, in the energy revolution's future electricity market design, the digitalization that 2G consistently implements 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 640 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 50 countries and generated net sales of EUR 209.8 million in the 2018 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 December 31, 2018, company founders Christian Grotholt and Ludger Gausling held a 53.5 % interest in the company, with the free float amounting to 46.5 %.

2019 calendar dates
September 26 Consolidated financial statements as of June 30, 2019
November 25 Q3 key figures and business trends
November 25-26 German Equity Capital Forum 2019, Frankfurt am Main

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.de