DGAP-News: 2G Energy AG / Key word(s): Forecast/Incoming Orders 2G Energy AG: Based on orders on hand and rising revenue from the service business, for 2015 the Management Board anticipates a sound development in business 22.01.2015 / 16:14 --------------------------------------------------------------------- Corporate News 2G Energy AG: 2014 forecast confirmed; new revenue record achieved; considerable improvement in earnings. Based on orders on hand and rising revenue from the service business, for 2015 the Management Board anticipates a sound development in business - 2014 forecast affirmed: sales revenue growth from EUR 126.1 million to more than EUR 165.0 million - Significant, above-average improvement in earnings; EBIT up from EUR 3.2 million to over EUR 10.0 million - 2015: The CHP systems order book position and high revenue from the service business already secure a considerable share of consolidated revenue Heek, January 22, 2015 - Current preliminary figures affirm the forecast for fiscal 2014. Accordingly, 2G Energy AG (ISIN DE000A0HL8N9), one of the leading German manufacturers of combined heat and power (CHP) plants, generated consolidated revenue of more than EUR 165.0 million (previous year: EUR 126.1 million). The Management Board is confident that the record revenues of EUR 167.3 million from fiscal 2011 will be exceeded. The forecast of an EBIT margin of between 6 % and 8 % has also been confirmed. EBIT is expected to have grown from EUR 3.2 million in 2013 to more than EUR 10.0 million a year later, indicating that 2G's consolidated equity remains at a high level. Moreover, the comparatively low bank borrowings were reduced further by EUR 1.0 million in the reporting year to EUR 6.2 million, down from EUR 7.2 million. At the same time, the company enjoyed a high level of cash and cash equivalents throughout the entire fiscal year. Based on an order book position of EUR 42.3 million as of December 31, 2014 for CHP systems, including work in progress and systems not fully commissioned (2013: EUR 46.0 million; 2012: EUR 46.0 million) and rising revenues from service agreements (2014: some EUR 40 million), in conjunction with the replacement parts business, the Management Board anticipates that business will develop soundly in the current 2015 fiscal year as well. In addition, 2G has seen a sharp increase in demand since the start of the year that, given an average time to market of around three months, should have a positive impact on performance in 2015. In addition, since the beginning of this year demand is significantly growing. Taking into account a delivery time of about three months this could very well have a positive effect on the business in 2015. New business in 2015 on the order book as of December 31, 2014, amounted to EUR 17.4 million (previous year: EUR 18.1 million). The company will publish a detailed forecast for 2015 in April. Irrespective of the seasonal nature of business and the development of the regulatory environment in the future, 2G is well positioned in the market with its young, highly efficient CHP modules and its solutions expertise in individual peripherals, flanked by the company's service offerings and international business. The Management Board assumes that, seen in the context of the company's performance over the last three fiscal years, 2015 will also go down as a financially sound year. 2G has repeatedly delivered proof that it can respond flexibly and successfully to swift changes in the markets, while adjusting costs in line with capacity utilization. Given the above, the Management Board views the coming years in a growing CHP market with optimism. Orders on hand of EUR 42.3 million break down into CHP systems of approximately 45 % fueled by biogas and around 55 % by natural gas, with international business accounting for a share totaling 26 % (previous year: 22 %). As part of its corporate strategy, 2G factored in lower demand for biogas and expansion into international markets at a very early stage. The trend anticipated for rising natural gas applications has been reaffirmed in the reporting year. 2G Energy AG short company portrait 2G Energy AG is amongst the world's leading manufacturer of cogeneration systems (CHP) for decentralized energy production and supply by means of combined heat and power. The company's product portfolio includes systems with an electrical capacity between 20 kW and 4,000 kW for the operation with natural gas, biogas or bio methane and other lean gases. So far, 2G was able to successfully install thousands of CHPs in 33 countries. Especially, in the performance range of 50 kW to 550 kW 2G posses own technological combustion engine concepts characterized by low specific fuel consumptions, a high operational availability and optimized service intervals. Next to the main production site at its headquarter 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 farmers to industrial clients, municipalities, real estate industry, up to municipal utilities and big utility companies. The high level of customer satisfaction is founded on the close-knit service network as well as the high technical quality and performance of 2G power stations. Thanks to the combined heat and power performance they achieve an overall degree of efficiency between 85 percent and well above 90 percent. To further enlarge the technologically leadership the company continuously invests in its R&D activities for gas engines for the use of natural gas, biogas and synthetic gases (e.g. hydrogen). Next to the construction of combined heat and power stations, the company, located in Westphalia in the north-west of Germany, offers integrated solutions reaching from the planning stage and installations to serial service and maintenance work. Due to its decentral locations, scalability and projectable availability combined heat and power stations shall play a crucial role as part of intelligent networked energy systems - so called virtual power stations - within the ongoing switch to clean energy and within modern concepts of energy supply. 2G Energy (ISIN DE000A0HL8N9) is listed in the Entry Standard of Deutsche Börse AG. The share capital amounts to EUR 4,430,000, and is split into 4,430,000 shares. As of December 31, 2014, the company's founders held 56.1 % of the shares, with the free float amounting to 43.9 %. Forthcoming dates 2015 28 May, 2015 Q1 key financial figures & business development 28 May, 2015 Group financial figures as of 31 Dec., 2014 8 July, 2015 Ordinary Annual General Meeting, Ahaus, Germany 29 Sept., 2015 Half year group financial figures as of 30 June, 2015 23-25 Nov., 2015 Deutsches Eigenkaptialforum, Frankfurt End of Nov., 2015 Q3 key financial figures & business development Further information: www.2-g.de IR contact 2G EnergyAG Benzstr. 3 48619 Heek Telefon: +49 (0) 2568 93 47-2795 Telefax: +49 (0) 2568 93 47-15 E-Mail: [email protected] Internet: www.2-g.de --------------------------------------------------------------------- 22.01.2015 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: Freiverkehr in Berlin, Düsseldorf, Stuttgart; Frankfurt in Open Market (Entry Standard) End of News DGAP News-Service --------------------------------------------------------------------- 315687 22.01.2015