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DGAP-News: 2G Energy AG / Key word(s): Quarter Results
Heek, May 29, 2019 - 2G Energy AG (ISIN DE000A0HL8N9), one of the internationally leading manufacturers of gas driven combined heat and power (CHP) systems, can look back on a good start to the new year 2019 after a successful 2018 financial year. The first quarter, traditionally the weakest quarter, could be closed with further intensified growth rates compared to the previous year. With consolidated sales up by 15.5 % and total operating revenue up by 19.6 %, earnings before interest and taxes (EBIT) rose significantly by Euro 0.5 million to Euro 0.9 million. The EBIT margin thus doubled to 2.5 % compared to the previous year. 2G is thus continuing its development by consistently implementing its three lead projects (partner concept with accompanying internationalisation, digitisation and lead to lean) to expand its sales activities on the one hand and to achieve substantial increases in efficiency through the implementation of industrial processes on the other hand. In view of the progress already achieved and the continued positive business development in the course of the year to date, the Management Board continues to confirm its forecast of achieving net sales of between EUR 210 million and EUR 230 million with an EBIT margin of between 5.5 % and 7.0 % in 2019. Â 2G company portrait 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 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. IR contact
29.05.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| 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: | |
| Internet: | -g.de |
| ISIN: | DE000A0HL8N9 |
| WKN: | A0HL8N |
| Indices: | Scale 30 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Stuttgart, Tradegate Exchange |
| EQS News ID: | 816069 |
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| End of News | DGAP News Service |
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816069Â Â 29.05.2019Â
