30.11.2015
2G Energy AG DE000A0HL8N9
DGAP-News: 2G Energy AG: Good quarterly figures and order book position confirm forecast for current FY 2015
DGAP-News: 2G Energy AG / Key word(s): 9-month figures/Change of Personnel
2G Energy AG: Good quarterly figures and order book position confirm
forecast for current FY 2015
30.11.2015 / 08:57
The issuer is solely responsible for the content of this announcement.
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- Sales revenues in 9M 2015: EUR 84.3 million (9M 2014: EUR 112.2
million)
- Total output: EUR 93.5 million (9M 2014: EUR 146.4 million)
- EBIT still negative at EUR -1.1 million (9M 2014: EUR 6.1 million), but
significantly improved compared with H1 2015
- Sound Q3 order book position as of September 30, 2015 of EUR 86 million
(9M 2014: EUR 83 million)
- Energy sector expert Alfred Gayer appointed CEO of 2G Rental GmbH
- 2G UTILITY - customized sales concept for energy utilities
- 2G well prepared for next growth steps abroad; improved market
conditions in China
2G Energy AG (ISIN DE000A0HL8N9), one of the internationally leading
manufacturers of gas driven combined heat and power (CHP) systems, achieved
a significant improvement in its results in the third quarter 2015, as
expected. The company's solid order book position was nevertheless also
accompanied by a reduction in both sales revenue and total output in the
January 1 to September 30 period compared with the previous year's record
figures, which were characterized by bringing forward effects due to the
2014 amendment to the German Renewable Energies Act (EEG). For the
seasonally strong October to December 2015 months, the Management Board
anticipates significantly higher sales revenue than in the individual
quarters previously, as well as a positive result (EBIT) on a full-year
view.
Consolidated sales revenue amounted to EUR 84.3 million as of September 30,
2015 (9M 2014: EUR 112.2 million, 9M 2013: EUR 65.8 million). Total output
stood at EUR 93.5 million (9M 2014: EUR 146.4 million, 9M 2013: EUR 81.6
million). As of the September 30, 2015 reporting date, 2G recorded a
consolidated result before interest and tax (EBIT) of EUR -1.1 million (9M
2014: EUR 6.1 million, 9M 2013: EUR 0.3 million), and a consolidated net
result after tax of EUR -1.3 million (9M 2014: EUR 2.1 million, 9M 2013:
EUR 0.4 million). Following an EBIT result of EUR -3.9 million as of June
30, 2015, the expected earnings recovery effects have thereby materialized.
Given this, the forecast for the current 2015 financial year of sales
revenue between EUR 140.0 million and EUR 160.0 million, and a low,
positive EBIT result, is confirmed.
The EUR 86.1 million order book position as of September 30, 2015, which
includes 2G power plants that are partly finished and not fully
commissioned, is higher compared with the same period of the previous year
(about EUR 83 million). This order book position includes around EUR 11.3
million of orders with a planned delivery date in 2016 (September 30, 2014:
EUR 10.0 million). The export share amounts to approximately 45 % (previous
year: around 23 %). When analyzed according to gas type, around 45 % is
attributable to biogas (September 30, 2014: 40 %), and 55 % to natural gas
(September 30, 2014: 60 %) operated CHP systems. Revenues from the service
and after sales businesses also need to be taken into account on a
full-year view. As far as markets abroad are concerned, the United Kingdom
is especially dominant with EUR 11.2 million as of the reporting date, and
the USA with EUR 16.4 million of orders.
With Alfred Gayer, 2G gains experienced specialist of the energy sector as
CEO for 2G Rental GmbH subsidiary
Alfred Gayer (49) is taking over responsibility for the management of 2G
Rental GmbH and, in particular, will implement the 2G UTILITY business
model due to his sales experience with related concepts. He has performed
senior sales and managerial roles - most recently as Managing Director - at
a large German energy utility for over two decades. Before moving to 2G,
Gayer developed, established and successfully implemented integrated
electricity marketing business models at a capital market-oriented biogas
system manufacturer. Alfred Gayer studied mechanical engineering at RWTH
Aachen University, before studying business administration at the Hagen
Open University and graduating in industrial engineering.
The "2G UTILITY Sales Concept" is aimed mainly at energy utilities and
energy service providers. The objective is to integrate 2G power plants
with their unique selling points into a utility's conventional purchasing
and sales concept. Energy supply businesses are managed economically with
2G UTILITY through exploiting all energy sector conditions (e.g.
electricity and energy tax acts, grid payments, virtual energy volume
account management (MaBiS). 2G is proving to be an early trendsetter in
actively gaining market shares (sector concept, supply security through
grid replacement solutions, etc.) in Germany. 2G Rental GmbH is also
completing its rental and leasing solutions with the 2G UTILITY sales
concept.
2G well prepared for next growth steps abroad
For 2G in Germany, the 2015 financial year is proving to be a year of
transition between the amendments to the German Renewable Energies Act
(EEG) and the German Combined Heat and Power Generation Act (KWKG). The
company has utilized its business trends - which remain at a solid level -
to strengthen its subsidiaries in Germany through reorganization, and to
complete and optimize the modelling of its process cycles. 2G has expanded
the standard equipment of its CHP systems with software that it has
developed itself for efficiency enhancement, for control and integration
into grid networks, and to reduce costs. On the service side, too, 2G has
created potentials for a further increase in the availability of CHP
systems to benefit customers through introducing automated service tools
and neuronal systems. 2G has further improved its international competitive
position through standardizing, automating and digitalizing working
processes and products. Dynamic energy markets worldwide offer highly
varied growth opportunities for 2G and its technically highly developed
product portfolio. The Management Board assumes that it can take the next
growth steps with a strengthened 2G brand in this context. This particulary
applies boosting sales revenues on relevant foreign markets in North
America, Central Europe and some Asian markets.
On the Chinese market, too, CHP systems could soon become attractively
economical due to significant price movements for natural gas and the
promotion of low emission, efficient energy generation types. 2G is
monitoring the market. 2G can also respond quickly to developments in China
through seconding its own sales staff and cooperation with sales partners.
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 56.1 % of the shares as of December 31, 2014, with
the free float amounting to 43.9 %.
2016 dates
April 28, 2016 Preliminary figures as of December 31, 2015 for
the 2G Group, FY 2016 results guidance
May 26, 2016 Annual consolidated financial statements as of December 31,
2015, Q1 key fig ures and business trends
July 5, 2016 Ordinary AGM, Ahaus
September 27, 2016 Semiannual consolidated financial statements as of June
30, 2016
November 8-11, 2016 German Equity Capital Forum 2016
November 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
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30.11.2015 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,
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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; Open Market (Entry Standard) in Frankfurt
End of News DGAP News Service
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