DGAP-News

2G Energy AG reports net sales and EBIT growth in the third quarter - Seite 2

Order situation remains stable
New order intake as of the end of October amounted to a total of EUR 123.0 million (previous year: EUR 118.9 million). Although the new order intake thereby no longer stands significantly above the previous year's figures, as was the case in the first six months of the current year, it remains robust. As expected, positive drivers are continuing from the German natural gas market. Since the end of the first half-year, 2G has acquired new orders worth a total of EUR 16.1 million (same period in 2019: EUR 7.4 million; EUR +8.7 million). 2G thereby more than offset the decrease in new order intake from the German biogas market, which is gradually cooling (new orders since the end of the first half of the year: EUR 8.6 million; same period in 2019: EUR 14.8 million; EUR -6.2 million).

Given the continuation of stable new order intake, combined with in some cases considerable COVID-19-related catch-up effects in individual foreign markets such as North America, as well as thanks to the continued constant growth of the service business, the Management Board expects net sales of between EUR 240 million and EUR 260 million for next year.

2G company profile
The 2G Energy AG Group is an internationally leading manufacturer of decentralized energy supply systems. With the development, production and technical installation, as well as digital grid integration, of combined heat and power systems, the company offers comprehensive solutions in the growing market for highly efficient combined heat and power (CHP) systems. Aftersales and maintenance services comprise an important additional performance criterion. The product range especially includes CHP modules in the 20 kW and 4,500 kW range for operation utilizing natural gas, biogas, as well as other lean gases and hydrogen. Worldwide, more than 6,500 installed 2G systems in various applications supply electrical and thermal energy to a broad spectrum of customers including companies in the housing industry, agriculture, commercial and industrial companies, public energy utilities, and municipal and local government authorities.