DGAP-News

2G Energy AG starts the year 2017 with tailwind

DGAP-News: 2G Energy AG / Key word(s): Incoming Orders/Miscellaneous 2G Energy AG starts the year 2017 with tailwind 16.02.2017 / 07:53 The issuer is solely responsible for the content of this announcement. - High utilization of production capacity in the Heek location - Order book posts EUR 91.2 million at year-end 2016 (2015: EUR 85.5 million)

- 2G switches to the new "Scale" stock exchange segment

2G Energy AG (ISIN DE000A0HL8N9), a leading German manufacturer of gas powered cogeneration (CHP) systems, has started the year 2017 with full order books. As of December 31, 2016, 2G reported orders on hand of EUR 91.2 million (2015: EUR 85.5 million; 2015: EUR 42.3 million). Despite traditionally strong year-end sales, a high order book was therefore transferred to the new year 2017.

In international business, the UK and the USA above all, with EUR 16.4 million and EUR 11.9 million respectively, contributed to the high order book position. Along with these two international core markets, France was the third largest market on the reporting date with orders on hand of EUR 7.7 million, followed by Japan (EUR 3.7 million). This gratifying development substantiates 2G's decision to develop the French market through its own subsidiary since September 2016. Moreover, the relatively high total order backlog reflects the results of the increased sales activities abroad.

Positive outlook

New business, meaning the sum of orders that are part of the backlog but are not yet in progress, stood at EUR 53.7 million as of December 31, 2016 (2015: EUR 52.0 million). Against the backdrop of surplus orders and customer demand running at a steady and healthy level, 2G has commenced the fiscal year 2017 with positive prospects of growth in sales and earnings. The forecast for fiscal year 2017 will be released on April 27, 2017.

2G switches to the new "Scale" stock exchange segment

2G Energy AG will be switching to Deutsche Börse AG's new "Scale" segment and anticipates being admitted to the successor segment of Entry Standard as from the date of its launching on March 1, 2017. 2G Energy AG has been listed on Entry Standard since 2007. The company has meanwhile seen significant growth and positioned itself promisingly through its technology in the domestic and international arenas. The Management Board anticipates that the company will attract greater attention from investors and the media through the new "Scale" segment owing to the reduced and selected number of companies compared with Entry Standard.