DGAP-News: 2G Energy AG: Preliminary group results of financial year 2012: approx. 146 mio. EUR turnover and approx. 16 mio. EUR EBIT generated
(firmenpresse) - DGAP-News: 2G Energy AG / Key word(s): Preliminary Results/Final
Results
2G Energy AG: Preliminary group results of financial year 2012:
approx. 146 mio. EUR turnover and approx. 16 mio. EUR EBIT generated
03.05.2013 / 16:27
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Corporate News
2G Energy AG
- Preliminary group results for financial year 2012: approx. 146 mio. EUR
turnover and approx. 16 mio. EUR EBIT generated
- Share of international turnover increases to 40 %
- Eminent order from big German utility STEAG New Energies
- New CHP generation avus 500 plus launched
- Outlook 2013: 160 mio. EUR turnover, low double digit EBIT margin
Heek, May 3rd, 2013 -2G Energy AG (ISIN DE000A0HL8N9), one of the world's
leading suppliers of cogeneration systems for decentralized energy supply
by means of combined heat and power (CHP), generated a turnover of approx.
146 mio. EUR (prior year: 167 mio. EUR) at group level according to
preliminary figures released today. The company generated an operating
profit (EBIT) of approx. 16 mio. EUR (prior year: 19 mio. EUR). This
equates to EBIT margin of 11.2 %. Backed by the boom experienced in the
business year 2011 - triggered by the prospering biogas plant industry
pulling in orders before the serious cuts in feed-in tariffs came into
power with the change in German Erneuerbare-Energien-Gesetz (EEG) (German
Renewable Energies Act) at the start of 2012 - 2G Energy adapted its
business in good time to the new competitive challenges and reduced its
dependency from the German biogas plant market respectively from the state
grants involved significantly. Thus, in business year 2012 the Company
managed to double its share of sold natural gas operated CHP modules to
circa 30 % (prior year: 15 %) and it increased its share of turnover
outside Germany from 10 % to circa 40 %.
Christian Grotholt, CEO of 2G Energy AG sets new goals for the current
business year: 'In 2012 we have convinced our national and international
customers with CHP modules with the highest efficiencies whether operated
with natural gas or with biogas. By doing so, we have been able to explore
new markets. In the future we intend to deliver stable growth rates,
improve our margins and foster our corporate structures also via
standardizing our processes. All this is founded on our leading technology
of our own developed and optimized engines and peripheral devices. We will
continue investing in our own R&D enterprise and aim at enlarging our
position as a vertically integrated manufacturer as well as to further
develop our customer service all over the world.'
By continuously developing 2G's CHP modules with respect to optimize the
engines as well as the electronic control and the system-level integration
the Company always aspires towards increasing efficiency, advantageous
economies and therefore a high customer benefit. In 2012, 2G introduced the
agenitor 406, a CHP module of 250 kW engine-power class, which has been the
first proprietary development. The CHP has an electric efficiency of 42.5
%. The R&D enterprise of 2G has again been further staffed with new
qualified engineers.
Eminent order for a biomethane CHP from utility STEAG
2G has just received an eminent order from STEAG New Energies, Saarbrücken,
Germany, to deliver a turn-key CHP module operated with biomethane. The
module with an electrical performance of approx. 4.4 MW and a thermal
performance of approx. 4.0 MW will be erected in the city of Essen,
Germany. A coal fired boiler in an existing boiler house will be replaced
by the CHP. The heat of the CHP will be fed in the district heating grid of
STEAG Fernwärme. Along 2G's value added chain the order encompasses all the
planning, the fitting up to the operating testing. Big utility companies
like STEAG are becoming more and more important partners for 2G. Amongst
other things they step by step convert their energy supply into
decentralized, environmentally friendly and sustainable systems. In
addition, they run district heating networks und take over an important
role when we talk about virtual power plants.
First proprietary development in 2013: avus 500 plus
At the recent Hanover Fair, 2G Energy introduced its brand new proprietary
developed CHP module with an electrical performance of 550 kW and an
efficiency of 42.6 %. The water-cooled, turbo-charged 12 cylinder gas
engine of the avus 500 plus can be operated with natural gas or biogas
alike. In addition, it can be operated with synthetic gas containing
hydrogen. Christian Grotholt, CEO of 2G Energy AG, characterizes the new
CHP as a milestone of the Company's forceful R&D strategy: 'Quite similar
to the agenitor 406 introduced last year, the avus 500 plus wins over with
its electrical efficiency, its overall efficiency and last but not least
with its long maintenance intervals and its compactness.'
Outlook: stable business development continued in current business year
While the German association of plant engineering and construction (VDMA)
recently reported a restrained and declining order inflow from a poll
amongst its members, 2G's order-backlog is pretty stable with 53 mio. EUR
at a comparable level to the prior year. Over the next years 2G intends to
grow the customer services to a level of about 25 % of group sales. The US
market shall be developed to the most important international one in the
current business year. For 2013 the management expects group sales of 160
mio. EUR and a low double digit EBIT margin. Additional targets for 2013
and beyond are to disproportionately increase 2G's international market
share in the fossil and renewable energy market for CHP modules, to foster
R&D activities and to further develop the USPs of the company.
About 2G Energy AG
2G Energy AG is amongst the world's leading suppliers of cogeneration
systems for decentralized energy supply by means of combined heat and
power. The Company's product portfolio includes systems with an electrical
capacity between 20 kW and 2,000 kW for the operation with natural gas,
biogas or bio methane. So far, 2G was able to successfully install more
than 3,500 modules in 25 countries. 2G serves a wide range of customers
from farmers to industrial clients, municipalities, real estate industry up
to 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. Next to the construction of combined heat and power stations,
2G Energy offers integrated solutions reaching from the planning stage and
installations to serial service and maintenance work. Due to its
projectable and scalable 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.
2G Energy is a public listed company (ISIN DE000A0HL8N9) in the Entry
Standard of Deutsche Börse AG a segment within the Open Market (regulated
unofficial market). It has a capital stock of 4,430,000 EUR, equalling
4,430,000 shares. Main shareholders are the two company founders with
together 58.9 %, freefloat is 41.1 %. In the business year 2011 (Jan. 1st
to Dec. 31st) 2G Energy reached sales of 167 mio. EUR and generated an EBIT
of 19.5 mio. EUR and a net profit of 13.6 mio EUR. The Company employs
about 470 employees.
Financial calendar 2013
May 6/7, 2013 Frühjahrskonferenz Deutsche Börse AG, Frankfurt am Main
May 31, 2013 Publication of Group financial report as of Dec. 31, 2012
July, 17 2013 Ordinary AGM, Münster
Sept. 30, 2013 Publication of Group H1 financial report as of June 30,
2013
Nov. 12/13, 2013 Eigenkapitalforum Deutsche Börse AG, Frankfurt
Further information: www.2-g.de
IR contact:
2G Energy AG
Benzstr. 3, 48619 Heek, Germany
Telefon: +49 2568 93 47-2795
Telefax: +49 2568 93 47-15
email: ir(at)2-g.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; Frankfurt in
Open Market (Entry Standard)
End of News DGAP News-Service
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