DGAP-News: 2G reports record new orders in first quarter of 2010
(firmenpresse) - 2G Bio-Energietechnik AG / Quarter Results
26.05.2010 10:36
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2G reports record new orders in first quarter of 2010
Heek, May 26, 2010 - 2G-Bio-Energietechnik AG (2G), one of Germany's
leading manufacturers of combined heat and power (CHP) plants, continues to
chart its consistent growth course. Despite very extreme weather
conditions, the company significantly improved its total output on a
year-on-year comparison in the first quarter of 2010. 2G also reported
record new orders for both biogas-driven and natural-gas-driven combined
heat and power (CHP) plants.
By March 31, 2010, the company had secured orders for more than 26 new
plants, predominantly from regional utilities. 2G is currently negotiating
the conclusion of further master agreements. Sales of biogas-driven CHPs
reported even more gratifying growth. In this area, a total of 117 orders
had already been secured by March 31, 2010, representing 47% of the
previous year's total order intake. As a consequence, the total order book
position amounted to around EUR 35 million at the end of the first quarter
(previous year: EUR 18.0 million).
2G's business progress showed significantly more lively developments in
March than in the first two months of the year, which were particularly
affected by the severe winter. According to CEO Christian Grotholt, the
company is entirely within its budgets, which envisage new record results
for 2010. As already announced, this will reflect the first-time
contribution of the delivery of WhisperGen by 2G Home GmbH, which is
already underway (Q1 2010 revenue: EUR 500,000). Total output of EUR 8.9
million, and an order book position of approximately EUR 35 million in the
first quarter of 2010, represent a further significant growth leap
following revenue of EUR 51.2 million in the entire previous year.
Q1 quarterly comparison:
Key figure (in EUR million) 2009 2010 Change
Revenue 4.0 4.5 +12.5%
Total output 5.2 8.9 + 71 %
EBIT 0.0 0.0 0%
Order book 18.0 35 + 80 %
Company profile
2G Bio-Energietechnik AG is one of the leading German providers of plants
for the decentralized supply of energy. With the development, production,
installation, and servicing of combined heat and power (CHP) plants, the
company offers comprehensive solutions in the growing market for highly
efficient cogeneration systems, which will benefit significantly from
political support for enhanced climate protection over the coming years.
Forthcoming dates:
May 31, 2010 Publication of 2009 consolidated financial statements
September 3, 2010 Annual General Meeting, Heek
September 30, 2010 Interim report June 30, 2010
November 30, 2010 Business progress report as of September 30, 2010
Further information: www.2-g.de
2G Bio-Energietechnik AG
Christian Grotholt, CEO
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: +4940 6378 5423
E-mail: info(at)ubj.de
26.05.2010 10:36 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Datum: 26.05.2010 - 10:36 Uhr
Sprache: Deutsch
News-ID 21450
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