DGAP-News

2G Energy AG: Good quarterly figures and order book position confirm forecast for current FY 2015

DGAP-News: 2G Energy AG / Key word(s): 9-month figures/Change of Personnel
2G Energy AG: Good quarterly figures and order book position confirm
forecast for current FY 2015

30.11.2015 / 08:57
The issuer is solely responsible for the content of this announcement.

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- Sales revenues in 9M 2015: EUR 84.3 million (9M 2014: EUR 112.2
million)

- Total output: EUR 93.5 million (9M 2014: EUR 146.4 million)

- EBIT still negative at EUR -1.1 million (9M 2014: EUR 6.1 million), but
significantly improved compared with H1 2015

- Sound Q3 order book position as of September 30, 2015 of EUR 86 million
(9M 2014: EUR 83 million)

- Energy sector expert Alfred Gayer appointed CEO of 2G Rental GmbH

- 2G UTILITY - customized sales concept for energy utilities

- 2G well prepared for next growth steps abroad; improved market
conditions in China

2G Energy AG (ISIN DE000A0HL8N9), one of the internationally leading
manufacturers of gas driven combined heat and power (CHP) systems, achieved
a significant improvement in its results in the third quarter 2015, as
expected. The company's solid order book position was nevertheless also
accompanied by a reduction in both sales revenue and total output in the
January 1 to September 30 period compared with the previous year's record
figures, which were characterized by bringing forward effects due to the
2014 amendment to the German Renewable Energies Act (EEG). For the
seasonally strong October to December 2015 months, the Management Board
anticipates significantly higher sales revenue than in the individual
quarters previously, as well as a positive result (EBIT) on a full-year
view.

Consolidated sales revenue amounted to EUR 84.3 million as of September 30,
2015 (9M 2014: EUR 112.2 million, 9M 2013: EUR 65.8 million). Total output
stood at EUR 93.5 million (9M 2014: EUR 146.4 million, 9M 2013: EUR 81.6
million). As of the September 30, 2015 reporting date, 2G recorded a
consolidated result before interest and tax (EBIT) of EUR -1.1 million (9M
2014: EUR 6.1 million, 9M 2013: EUR 0.3 million), and a consolidated net
result after tax of EUR -1.3 million (9M 2014: EUR 2.1 million, 9M 2013:
EUR 0.4 million). Following an EBIT result of EUR -3.9 million as of June
30, 2015, the expected earnings recovery effects have thereby materialized.
Given this, the forecast for the current 2015 financial year of sales
revenue between EUR 140.0 million and EUR 160.0 million, and a low,