DGAP-News

2G Energy AG: Dynamic start to FY 2016 with high order book position home and abroad

DGAP-News: 2G Energy AG / Key word(s): Quarter Results/Dividend
2G Energy AG: Dynamic start to FY 2016 with high order book position home
and abroad

25.05.2016 / 13:32
The issuer is solely responsible for the content of this announcement.

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- 2015: Revenue of EUR 152.9 million (previous year: EUR 186.6 million),
EBIT margin of 3.1 % (6.1 %)

- Service business reaches 34 % revenue share (20 %)

- CHP revenue's export share rises to 35 % (28 %)

- 2016 guidance: sales revenue of EUR 150 million to EUR 170 million,
EBIT margin 3-5 %

- CHP system order book position at end-April 2016: EUR 88 million (EUR
54 million)

2G Energy AG (ISIN DE000A0HL8N9), one of the internationally leading
manufacturers of gas driven combined heat and power (CHP) systems, reports
consolidated sales revenues of EUR 152.9 million in the 2015 financial year
(as of 31 December), on the basis of audited figures (previous year: EUR
186.6 million). Total operating revenue amounted to around EUR 154.7
million (EUR 189.6 million), taking into account EUR 0.1 million of
inventory changes (EUR 2.9 million) and EUR 1.8 million of other work
performed by the company and capitalized (EUR 0.1 million). A comparison
with the previous year is only possible to a limited extent as operating
activities in 2014 were characterized by accelerated purchasing effects
ahead of the amendment to the German Renewable Energies Act (EEG) as of
August 1, 2014. 2G generated earnings before interest and tax (EBIT) of EUR
4.8 million in the reporting year (EUR 11.3 million), on the basis of
accounting standards according to the German Commercial Code (HGB). This
corresponds to a 3.1 % EBIT margin (6.1 %). The consolidated net profit for
2015 amounts to EUR 2.6 million (EUR 6.9 million). Earnings per share
excluding minority interests stand at EUR 0.59 (EUR 1.55).

Good start to FY 2016
2G has carried over a high order book position of EUR 85.5 million from
2015 into the current financial year (EUR 42.3 million). The proportion of
orders on which work has not yet started amounted to EUR 52.0 million (EUR
17.4 million). The EUR 25.3 million of sales revenue generated in the first
quarter (EUR 28.9 million) arises from both prior-year CHP orders that were
finally invoiced and a significant level of service revenues. 2G continued
to enjoy a high order book position of EUR 86.9 million as of March 31,
2016 (EUR 49.0 million). The inventory of work in progress reported a