DGAP-News
2G Energy AG: Based on orders on hand and rising revenue from the service business, for 2015 the Management Board anticipates a sound development in business
DGAP-News: 2G Energy AG / Key word(s): Forecast/Incoming Orders
2G Energy AG: Based on orders on hand and rising revenue from the
service business, for 2015 the Management Board anticipates a sound
development in business
22.01.2015 / 16:14
---------------------------------------------------------------------
Corporate News
2G Energy AG: 2014 forecast confirmed; new revenue record achieved;
considerable improvement in earnings. Based on orders on hand and rising
revenue from the service business, for 2015 the Management Board
anticipates a sound development in business
- 2014 forecast affirmed: sales revenue growth from EUR 126.1 million to
more than EUR 165.0 million
- Significant, above-average improvement in earnings; EBIT up from EUR
3.2 million to over EUR 10.0 million
- 2015: The CHP systems order book position and high revenue from the
service business already secure a considerable share of consolidated
revenue
Heek, January 22, 2015 - Current preliminary figures affirm the forecast
for fiscal 2014. Accordingly, 2G Energy AG (ISIN DE000A0HL8N9), one of the
leading German manufacturers of combined heat and power (CHP) plants,
generated consolidated revenue of more than EUR 165.0 million (previous
year: EUR 126.1 million). The Management Board is confident that the record
revenues of EUR 167.3 million from fiscal 2011 will be exceeded.
The forecast of an EBIT margin of between 6 % and 8 % has also been
confirmed. EBIT is expected to have grown from EUR 3.2 million in 2013 to
more than EUR 10.0 million a year later, indicating that 2G's consolidated
equity remains at a high level. Moreover, the comparatively low bank
borrowings were reduced further by EUR 1.0 million in the reporting year to
EUR 6.2 million, down from EUR 7.2 million. At the same time, the company
enjoyed a high level of cash and cash equivalents throughout the entire
fiscal year.
Based on an order book position of EUR 42.3 million as of December 31, 2014
for CHP systems, including work in progress and systems not fully
commissioned (2013: EUR 46.0 million; 2012: EUR 46.0 million) and rising
revenues from service agreements (2014: some EUR 40 million), in
conjunction with the replacement parts business, the Management Board
anticipates that business will develop soundly in the current 2015 fiscal
year as well. In addition, 2G has seen a sharp increase in demand since the
start of the year that, given an average time to market of around three
months, should have a positive impact on performance in 2015. In addition,
since the beginning of this year demand is significantly growing. Taking
into account a delivery time of about three months this could very well
Corporate News
2G Energy AG: 2014 forecast confirmed; new revenue record achieved;
considerable improvement in earnings. Based on orders on hand and rising
revenue from the service business, for 2015 the Management Board
anticipates a sound development in business
- 2014 forecast affirmed: sales revenue growth from EUR 126.1 million to
more than EUR 165.0 million
- Significant, above-average improvement in earnings; EBIT up from EUR
3.2 million to over EUR 10.0 million
- 2015: The CHP systems order book position and high revenue from the
service business already secure a considerable share of consolidated
revenue
Heek, January 22, 2015 - Current preliminary figures affirm the forecast
for fiscal 2014. Accordingly, 2G Energy AG (ISIN DE000A0HL8N9), one of the
leading German manufacturers of combined heat and power (CHP) plants,
generated consolidated revenue of more than EUR 165.0 million (previous
year: EUR 126.1 million). The Management Board is confident that the record
revenues of EUR 167.3 million from fiscal 2011 will be exceeded.
The forecast of an EBIT margin of between 6 % and 8 % has also been
confirmed. EBIT is expected to have grown from EUR 3.2 million in 2013 to
more than EUR 10.0 million a year later, indicating that 2G's consolidated
equity remains at a high level. Moreover, the comparatively low bank
borrowings were reduced further by EUR 1.0 million in the reporting year to
EUR 6.2 million, down from EUR 7.2 million. At the same time, the company
enjoyed a high level of cash and cash equivalents throughout the entire
fiscal year.
Based on an order book position of EUR 42.3 million as of December 31, 2014
for CHP systems, including work in progress and systems not fully
commissioned (2013: EUR 46.0 million; 2012: EUR 46.0 million) and rising
revenues from service agreements (2014: some EUR 40 million), in
conjunction with the replacement parts business, the Management Board
anticipates that business will develop soundly in the current 2015 fiscal
year as well. In addition, 2G has seen a sharp increase in demand since the
start of the year that, given an average time to market of around three
months, should have a positive impact on performance in 2015. In addition,
since the beginning of this year demand is significantly growing. Taking
into account a delivery time of about three months this could very well
Diskutieren Sie über die enthaltenen Werte
Aktuelle Themen
Weitere Artikel des Autors
1 im Artikel enthaltener WertIm Artikel enthaltene Werte