DGAP-News

2G Energy AG with solid annual result in transition year 2015.

DGAP-News: 2G Energy AG / Key word(s): Preliminary Results/Forecast
2G Energy AG with solid annual result in transition year 2015.

25.04.2016 / 08:09
The issuer is solely responsible for the content of this announcement.

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- Preliminary FY 2015 revenue of EUR 152.9 million securely within
forecasted range

- Positive results with EUR 4.8 million of EBIT and 3.1 % EBIT margin

- UK and US subsidiaries with EUR 13.3 million and EUR 12.8 million of
revenue respectively exemplify growing international business share

- FY 2016 outlook: Revenue of EUR 150-170 million, EBIT margin of 3 - 5
%


2G Energy AG (ISIN DE000A0HL8N9), one of the internationally leading
producers of gas driven combined heat and power (CHP) systems, reports
preliminary FY 2015 consolidated figures well within its target range
following a fourth quarter of 2015 that delivered on its anticipated
dynamic business growth. At the time of publishing H1 2015 consolidated
financial statements at the end of September, the Management Board adjusted
its earnings forecast to low, positive EBIT, and communicated a EUR 140
million to EUR 160 million revenue range.

While 2G generated EUR 84.3 million of revenue during the first three
quarters of the year, revenue subsequently expanded to reach EUR 152.9
million by the year-end. 2G thereby realized around 45 % of its revenue
between October and December, reflecting normal seasonality. The result
before interest and tax (EBIT) consequently registered a fourth-quarter
improvement from EUR -1.1 million as of September 30, 2015 to achieve a
full-year total of EUR 4.8 million. The Group is thereby reporting solid
consolidated results for a transition year between amendments to the 2014
German Renewable Energies Act (EEG) and 2016 German Cogeneration Act
(KWK-G), which resulted in significant fluctuations in CHP orders on the
German market. With its service business having expanded its revenue share
to 34 %, and given the Group's further internationalization, 2G is
consequently also underscoring the successful implementation of its
strategy of expanding its independence of individual markets and regulatory
requirements.

Foreign markets' revenue share rises to 27 %

On the basis of sales cooperation ventures, 2G has strengthened its
positioning on important foreign markets such as France, the United
Kingdom, and in the Asian region, and is also continuing to experience very
positive feedback on its subsidiaries' activities. International revenues'