DGAP-News
2G Energy AG: consolidated revenue of EUR 186.6 million in 2014 (previous year: EUR 126.1 million) at record level
DGAP-News: 2G Energy AG / Key word(s): Preliminary Results
2G Energy AG: consolidated revenue of EUR 186.6 million in 2014
(previous year: EUR 126.1 million) at record level
30.04.2015 / 07:30
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- EBIT raised from EUR 3.1 million to EUR 11.3 million
- 2015 forecast: revenue of EUR 140 - 160 million / EBIT margin of 5 - 7%
- 2G wins contract in the USA with an output of 3.2 MW
- Larger customers and international business with growing importance;
medium-term revenue goal of up to EUR 300 million, as before
Heek, April 30, 2015 - According to preliminary figures, 2G Energy AG (ISIN
DE000A0HL8N9), a leading German manufacturer of cogeneration (CHP) systems,
generated consolidated revenue of EUR 186.6 million in fiscal 2014
(previous year: EUR 126.1 million), marking the highest revenue in the
history of the company and exceeding the former record result of EUR 167.3
million achieved in fiscal 2011.
2G's total output stood at around EUR 189.6 million (previous year: EUR
137.5 million), representing an increase in the volume of work in progress
to EUR 2.9 million in 2014, up from EUR 11.3 million in the previous year.
According to the accounts prepared in accordance with the German Commercial
Code (HGB), the company generated significantly higher earnings before
interest and tax (EBIT) of around EUR 11.3 million (previous year: EUR 3.1
million). This figure corresponds to an EBIT margin of 6.1 % (previous
year: 2.5 %).
In the first seven months, fiscal 2014 was determined by advance ordering
for CHP systems in Germany owing to the amendment of the German Renewable
Energies Act (EEG), effective August 1, 2014. As a result, business in
Germany for CHP modules powered by biogas as well as natural gas was strong
in comparison with the international markets. The share of international
business in revenue, which stood at approximately 21 % (previous year: 22
%), remained virtually unchanged from the previous year, which is a clear
sign that the corporate strategy of diversification across different types
of gas and regions is being consistently and successfully implemented.
Revenue in the UK climbs to EUR 14.9 million, up from EUR 1.7 million
The UK proved to be the strongest international sales market in fiscal
2014. Local 2G Energy Ltd. lifted sales considerably to approximately EUR
- EBIT raised from EUR 3.1 million to EUR 11.3 million
- 2015 forecast: revenue of EUR 140 - 160 million / EBIT margin of 5 - 7%
- 2G wins contract in the USA with an output of 3.2 MW
- Larger customers and international business with growing importance;
medium-term revenue goal of up to EUR 300 million, as before
Heek, April 30, 2015 - According to preliminary figures, 2G Energy AG (ISIN
DE000A0HL8N9), a leading German manufacturer of cogeneration (CHP) systems,
generated consolidated revenue of EUR 186.6 million in fiscal 2014
(previous year: EUR 126.1 million), marking the highest revenue in the
history of the company and exceeding the former record result of EUR 167.3
million achieved in fiscal 2011.
2G's total output stood at around EUR 189.6 million (previous year: EUR
137.5 million), representing an increase in the volume of work in progress
to EUR 2.9 million in 2014, up from EUR 11.3 million in the previous year.
According to the accounts prepared in accordance with the German Commercial
Code (HGB), the company generated significantly higher earnings before
interest and tax (EBIT) of around EUR 11.3 million (previous year: EUR 3.1
million). This figure corresponds to an EBIT margin of 6.1 % (previous
year: 2.5 %).
In the first seven months, fiscal 2014 was determined by advance ordering
for CHP systems in Germany owing to the amendment of the German Renewable
Energies Act (EEG), effective August 1, 2014. As a result, business in
Germany for CHP modules powered by biogas as well as natural gas was strong
in comparison with the international markets. The share of international
business in revenue, which stood at approximately 21 % (previous year: 22
%), remained virtually unchanged from the previous year, which is a clear
sign that the corporate strategy of diversification across different types
of gas and regions is being consistently and successfully implemented.
Revenue in the UK climbs to EUR 14.9 million, up from EUR 1.7 million
The UK proved to be the strongest international sales market in fiscal
2014. Local 2G Energy Ltd. lifted sales considerably to approximately EUR
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