DGAP-News

2G Energy AG reports company's positive Q3 trend as well as strong sales and results for year-end business accompanied by continued high order book position.

DGAP-News: 2G Energy AG / Key word(s): Quarter Results/Incoming Orders
2G Energy AG reports company's positive Q3 trend as well as strong sales and
results for year-end business accompanied by continued high order book
position.

30.11.2016 / 08:07
The issuer is solely responsible for the content of this announcement.

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- Net sales of EUR 92.6 million in 9M 2016 (previous year: EUR 84.3
million); total operating revenue reports marked growth to EUR 119.9
million (previous year: EUR 93.5 million)

- Marked 9M EBIT improvement from EUR -1.1 million (9M 2015) to EUR 0.2
million

- Order book position remains at very high level of EUR 111.2 million
(previous year: EUR 86.0 million)

- 2016 outlook clearly confirmed: net sales and earnings targets to be
achieved at upper end of range following strong year-end business
typical for 2G

- New sales trend: flexibility adaptations and superstructures for biogas
systems in Germany

- 2G receives major order for 9MW mine gas project in France

Following a good first half of 2016, 2G Energy AG (ISIN DE000A0HL8N9), one
of the internationally leading manufacturers of gas driven combined heat
and power systems (CHP systems), reports a continued positive business
trend accompanied by further brisk new order intake for CHP systems in the
third quarter of 2016. Given an increase in consolidated net sales to EUR
92.6 million (previous year: EUR 84.3 million), a EUR 26.6 million increase
in inventories and EUR 0.7 million of other work performed by the company
and capitalized, the Group reports a significant increase in total
operating revenue to EUR 119.9 million (previous year: EUR 93.5 million).

As expected, the result before interest and tax (EBIT) has already improved
considerably compared with H1 2016 (EUR -2.4 million), amounting to EUR 0.2
million as of September 30, 2016 (previous year: EUR -1.1 million).
Particularly high sales and earnings contributions will be generated during
the current fourth quarter, in line with previous years. Accordingly, the
Management Board anticipates that net sales will rise significantly from
EUR 92.6 million as of September 30, 2016 to up to EUR 170 million by the
end of the year, with an EBIT margin of up to 5 percent.

Growing new order book position for CHP systems in Germany and
internationally
The order book position for CHP systems has risen further from EUR 106.4
million as of June 30, 2016 to EUR 111.2 million as of the end of the third