DGAP-News: 2G Energy AG: Management Board strengthened - Dietmar Brockhaus appointed Chief Financial Officer (CFO)
(firmenpresse) - DGAP-News: 2G Energy AG / Key word(s): Change of Personnel/Incoming
Orders
2G Energy AG: Management Board strengthened - Dietmar Brockhaus
appointed Chief Financial Officer (CFO)
17.07.2013 / 08:00
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Corporate News
Management Board strengthened - Dietmar Brockhaus appointed Chief Financial
Officer (CFO)
- Orders booked as at June 30, 2013 - around EUR 60 million
- Orders for combined heat and power (CHP) plants from E.ON and STEAG:
energy providers focus on decentralized energy solutions
Heek, July 17, 2013 - The Supervisory Board of 2G Energy AG (ISIN
DE000A0HL8N9), one of the leading internationally operating German
manufacturers of combined heat and power (CHP) plants, has appointed
Dietmar Brockhaus as Chief Financial Officer (CFO). Dietmar Brockhaus (44)
joined 2G Energy AG's management team on December 1, 2012 with
responsibility for the finance, personnel and legal areas. As a Management
Board member, he will remain responsible for these areas, as well as for
investor relations. In his most recent previous position, he was the fully
authorized representative of an internationally operating and listed
drilling services company that focused on geothermal power. A business
studies graduate and trained banker, Mr. Brockhaus has over 20 years of
professional experience in management positions in the finance and energy
sectors.
Chief Executive Officer Christian Grotholt is delighted to have Dietmar
Brockhaus on board as a Management Board member: 'Over the past eight
months, Dietmar Brockhaus has standardized the reporting system, launched
the ERP roll-out at subsidiaries abroad and raised contract management to
international standards. The alignments required within the group to ensure
lean organizational structures as well as adequate risk management have
therefore been undertaken.'
In terms of current sales activities, 2G increased its orders booked from
EUR 53 million at the end of April to around EUR 60 million at the end of
June 2013 and remains at the previous year's level. Current revenues from
services and after-sales are also contributing to business performance. The
orders booked for combined heat and power (CHP) plants break down into
around 54% biogas and 46% natural gas applications. The geographical
distribution currently stands at around 67% from Germany and 33% from
abroad. The first two quarters in 2G's business cycle are historically the
weakest while the greatest revenues by far are generated in the fourth
quarter of the year.
In Germany, 2G is increasingly receiving orders from the major energy
providers, such as E.ON and STEAG. They regard decentralized energy
solutions as key technologies in the change in energy policy in Europe.
At the beginning of July 2013, the energy company E.ON and the firm Metro
Cash&Carry commissioned a decentralized combined heat and power (CHP)
plant in Düsseldorf. As the general contractor, 2G supplied the CHP plant
with a 250 kW output on a 'plug and play' basis and installed it as a
container solution. The system deployed, the agenitor 306, a natural
gas-powered solution, is a 2G proprietary development with an overall
efficiency of over 85%.
The system provides heating but the power generated is also used by METRO
Cash&Carry at its commercial premises. According to METRO's own figures,
the system has reduced energy costs at the site and cut CO2 emissions by up
to 20%. Metro is seeking to decrease its dependence on energy price trends
and to minimize its own impact on the climate.
We will be happy to provide a photograph of Dietmar Brockhaus. Please
contact our press office at the address below.
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 2012 financial year (January 1
to December 31), 2G Energy generated EUR 146.5 million of revenue, EUR 16.5
million of earnings before interest and tax (EBIT), and EUR 11.3 million of
net income. The company employs around 435 staff.
Financial calendar 2013
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
telephone: +49 (0) 2568 93 47-2795
fax: +49 (0) 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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