DGAP-News
2G Energy AG: consolidated revenue of EUR 186.6 million in 2014 (previous year: EUR 126.1 million) at record level - Seite 2
14.9 million (previous year: EUR 1.7 million), representing a marked
increase and contributing a significant share of around 8 % to consolidated
revenue.
Against the backdrop of the company's strong development, 2G's production
capacities at company headquarters in Heek were fully utilized throughout
the year. Consolidated sales revenues break down as follows: 52 % of sales
were accounted for by 2G systems fueled by biogas and 48 % by natural gas.
International sales break down into 82 % of CHP systems fueled by biogas,
as opposed to business in Germany that was 60 % dominated by systems fueled
by natural gas. In fiscal 2014, 2G sold a total of 608 CHP units (previous
year: 445 CHP units) in Germany and abroad.
Orders on hand of EUR 42.3 million as of December 31, 2014 (2013: EUR 46.0
million) for CHP systems comprised work in progress and new installation
business of EUR 17.4 million (previous year: EUR 18.1 million).
Positive performance in the first half of 2015; orders on hand continue to
rise
2G reported satisfactory order intake in the first three months of the
current fiscal year 2015. As of March 31, 2015, orders on hand posted EUR
49 million. In a year-on-year comparison, this figure stood at a
considerably higher level of EUR 102 million. It is not, however,
comparable due to the impact of significant special items. For comparison
purposes, orders on hand on March 31, 2013 came in at EUR 46.5 million.
In the current year 2015, the Management Board is very confident about
being able to report another sound development in business. Conservative
planning puts revenue at between EUR 140 and 160 million, with an EBIT
margin of 5 to 7 %. Apart from an increase in revenue from the service
business, associated with replacement parts of some EUR 50 million (2014:
approximately EUR 38 million), the first positive stimulus from the rental
business initiated at the start of 2015 via 2G Rental GmbH is anticipated.
In addition, the importance of business with large industrial corporations
and energy suppliers is growing, alongside that of other international
markets. Following 2G's operational success in the UK, the company assumes
that revenue figures will rise on the back of diverse activities, in
particular in Asia and the USA, which is partly already reflected in the
current fiscal year, with momentum set to accelerate in the coming years.
million) for CHP systems comprised work in progress and new installation
business of EUR 17.4 million (previous year: EUR 18.1 million).
Positive performance in the first half of 2015; orders on hand continue to
rise
2G reported satisfactory order intake in the first three months of the
current fiscal year 2015. As of March 31, 2015, orders on hand posted EUR
49 million. In a year-on-year comparison, this figure stood at a
considerably higher level of EUR 102 million. It is not, however,
comparable due to the impact of significant special items. For comparison
purposes, orders on hand on March 31, 2013 came in at EUR 46.5 million.
In the current year 2015, the Management Board is very confident about
being able to report another sound development in business. Conservative
planning puts revenue at between EUR 140 and 160 million, with an EBIT
margin of 5 to 7 %. Apart from an increase in revenue from the service
business, associated with replacement parts of some EUR 50 million (2014:
approximately EUR 38 million), the first positive stimulus from the rental
business initiated at the start of 2015 via 2G Rental GmbH is anticipated.
In addition, the importance of business with large industrial corporations
and energy suppliers is growing, alongside that of other international
markets. Following 2G's operational success in the UK, the company assumes
that revenue figures will rise on the back of diverse activities, in
particular in Asia and the USA, which is partly already reflected in the
current fiscal year, with momentum set to accelerate in the coming years.
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