DGAP-News: - Good growth in H1 2012
(firmenpresse) - DGAP-News: 2G Energy AG / Key word(s): Half Year Results
- Good growth in H1 2012
27.08.2012 / 12:48
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- Good growth in H1 2012
- Preconditions created for further growth boost from 2013
- Forthcoming AGM approves dividend payment
Heek, August 27, 2012 - In the first half of 2012, 2G Energy AG (2G)
reported further year-on-year revenue growth from EUR 34.2 million to EUR
50.3 million. Earnings before interest and tax (EBIT) improved from EUR
1.7 million to around EUR 2.8 million over the same period. As a
consequence, the company, one of the leading providers of decentralised
energy supply systems, has drawn closer to its objective of achieving a
smoother progression of business over the course of the year. Previous
years were characterised by a fourth quarter with extremely high production
capacity utilisation.
The order book position currently amounts to EUR 79 million, and already
reflects the changed circumstances for biogas plants in Germany. As
expected, demand in Germany for combined heat and power plants (CHPs) for
biogas applications has fallen considerably this year. 2G anticipated this
development, and has already successfully compensated for it through having
decided to expand its sales of natural gas plants, and its strong
positioning on important foreign markets. This is very clear in the current
order book position, where half of orders derive from abroad.
AGM approves first dividend payment
Among other agenda items, tomorrow's 2G AGM, on Tuesday, August 28, 2012,
will decide concerning its first dividend payment. In this way, the
Management and Supervisory boards wish that shareholders, who have enjoyed
very strong share price performance over recent years, should also
participate directly in the company's success and profitability. A dividend
of EUR 0.37 per share is proposed for the 2011 financial year. This
proposal is intended to represent the first step towards a long-term
dividend policy, and yet still secure the company's future organic growth.
Well-equipped for the future
With a look to the current 2012 financial year, the Management Board
continues to assume that revenue will be slightly below the previous year's
record level. Following years of dynamic growth, this situation offers the
company the welcome opportunity to further optimise internal processes, and
to prepare production capacities for the planned future growth. The
foundations for rising sales volumes as from the 2013 financial year have
also been created through multifaceted sales activities, the launch of new
products, as well as internationalisation.
Especially the American companies are reporting very lively order intake.
The latest pillar in this context is 2G Manufacturing Inc., which is based
at St. Augustine, Florida. As a consequence, 2G is now operating its first
own foreign production location, in order to produce directly for the
American continent. The production of the first 'Made in the USA' 2G
systems is already in full swing, while further sales successes are being
reported from other promising foreign markets in East Europe and Asia.
2G will publish further details about the first half of 2012 as part of an
extensive interim report on September 30, 2012.
Company profile
2G Energy AG (formerly 2G Bio-Energietechnik AG) is one of the leading
providers of plants for the decentralised supply of energy. With the
development, production and installation of combined heat and power (CHP)
plants, as well as related services, the company offers comprehensive
solutions in the growing market for highly efficient cogeneration systems,
which will benefit greatly from political support for enhanced climate
protection over the coming years.
Forthcoming dates in 2012:
August 28, 2012 Annual General Meeting, Heek
September 30, 2012 Publication of H1 report
Further information: www.2-g.de
2G EnergyAG
Benzstr. 3, 48619 Heek
Telephone: +49 2568 93 47-0
Fax: +49 2568 93 47-15
E-mail: info(at)2-g.de
UBJ. GmbH, Ingo Janssen
Kapstadtring 10, 22297 Hamburg
Telephone: +49 40 6378 5410
Fax: +49 40 6378 5423
E-Mail: ir(at)ubj.de
End of Corporate News
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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: service(at)2-g.de
Internet: www.2-g.de
ISIN: DE000A0HL8N9
WKN: A0HL8N
Listed: Freiverkehr in Berlin, Düsseldorf, Stuttgart; Open Market
(Entry Standard) in Frankfurt
End of News DGAP News-Service
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