DGAP-News: 2G publishes preliminary 2010 results
(firmenpresse) - DGAP-News: 2G Bio-Energietechnik AG / Key word(s): Preliminary Results
2G publishes preliminary 2010 results
29.04.2011 / 10:45
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- Further record set of results
- Analysts' expectations exceeded
Heek, April 29, 2011 - 2G-Bio-Energietechnik AG (2G), one of Germany's
leading manufacturers of combined heat and power (CHP) plants, has again
exceeded expectations for its revenue and earnings, according to
preliminary FY 2010 figures.
After having already doubled its sales in the previous year, 2G achieved
further Group-wide revenue growth of 79.7% in 2010, with an increase from
EUR 51.1 million in 2009 to almost EUR 92.0 million. This significantly
outstripped the EUR 88.0 million level to which many analysts had recently
upgraded their forecasts. The company's total operating revenue amounted to
around EUR 98.0 million (previous year: EUR 53.2 million).
The company improved its earnings at a disproportionately stronger rate
than its sales. This considerably enhanced profitability is evident in
operating earnings (EBIT) of around EUR 9.7 million, compared with EUR 3.9
million in the previous year. The EBIT margin on sales improved
correspondingly from 7.6% to 10.5%. Consolidated net income was up from EUR
2.5 million to almost EUR 6.5 million, reflecting 158.0% growth. Earnings
per share for 2010 consequently stood at EUR 1.44 (previous year: EUR
0.62).
2011 outlook: management remains optimistic
The stable uptrend in new orders is unbroken. The current order book
position comprises 251 systems entailing a total volume of around EUR 58
million, a level well ahead of the previous year.
The 2G Group's strategic orientation continues to make great advances this
year, not least due to the last few years' highly positive trend. Christian
Grotholt, CEO, commented on the company's further plans as follows: 'Our
expansion into the rest of Europe outside Germany, as well as into the USA,
has proved correct to date. We aim to expand our position through tapping
further growth regions, and thereby also reduce our dependence on
individual markets in a targeted manner. The German market nevertheless
remains of outstanding importance for us. The energy-efficient deployment
of natural gas CHPs will also become increasingly significant.'
In the Management Board's opinion, the heightening of international
awareness of the entire regenerative energy sector will also open up
tangible potential for combined heat and power (CHP) generation. While
debate addresses topics such as a lack of capacities in terms of energy
storage systems and power lines, for instance, CHP technology represents
the only truly decentralized solution for a balanced energy mix.
With regard to the 2011 financial year, 2G's Management Board assumes
further revenue growth rates of between 25% and 30%, and a slightly faster
rate of earnings growth. The agenitor product family, which comprises
efficiency optimization measures which the company has developed itself,
will also make a contribution to this growth.
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 benefitstrongly from political
support for increased climate protection over the coming years.?Forthcoming dates:
May 3, 2011: Entry and General Standard Conference, Frankfurt am Main
May 31, 2011: Publication of the 2010 annual financial statements
July 21, 2011: Annual General Meeting, Heek
October 9, 2011:Publication of H1 2001 interim report
Further information: www.2-g.de
2G Bio-Energietechnik AG
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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122156 29.04.2011
Datum: 29.04.2011 - 10:45 Uhr
Sprache: Deutsch
News-ID 33905
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