DGAP-News

2G Energy AG: consolidated revenue of EUR 186.6 million in 2014 (previous year: EUR 126.1 million) at record level - Seite 3

New major order for 3.2 MW won in the USA
Business activities in the USA, for instance, were already developing well
in the first weeks following the full takeover of the shares in 2G Cenergy
Inc. Detailed offers were sent to customers for the manufacturing and
delivery of 2G power plants with an electrical output of 30 MW. A contract
for the delivery of two biogas-fired 2G plants with an overall output of
3.2 MW for a biogas plant on Rhode Island has been successfully signed
(delivery scheduled for October 2015). The Management Board therefore
intends to adhere to its goal in its medium-term planning of developing the
US market within a few years into the second-largest sales market in the
world after Germany. According to planning derived from the corporate
strategy, consolidated revenue of up to EUR 300 million and an EBIT margin
of up to 15 % are anticipated by the year 2020. The recently strengthened
management team of 2G Cenergy with Paul Glenister as CEO and Aaron Tasin as
Vice President of Sales underlines the company's US ambitions. In his last
assignment, Paul Glenister, who draws on 20 years of experience in
renewable energies and the waste management sector, was responsible for
2G's highly successful development of the UK market. Aaron Tasin held a
number of posts in the last 15 years, including at Capstone and GE
Jenbacher, and commands extensive knowledge of the North American market
and the cogeneration technology area.

2G will be publishing its audited and adopted consolidated financial
statements for 2014 and its annual report on May 28, 2015, as planned.

2G Energy AG short company portrait
2G Energy AG is amongst the world's leading manufacturer of cogeneration
systems (CHP) for decentralized energy production and supply by means of
combined heat and power. The company's product portfolio includes systems
with an electrical capacity between 20 kW and 4,000 kW for the operation
with natural gas, biogas or bio methane and other lean gases. So far, 2G
was able to successfully install thousands of CHPs in 35 countries.
Especially, in the performance range of 50 kW to 550 kW 2G possesses own
technological combustion engine concepts characterized by low specific fuel
consumptions, a high operational availability and optimized service
intervals. Next to the main production site at its headquarter in Heek,
Germany, the company has invested in an additional production and sales &
service site in St. Augustine, Florida, USA. 2G's customers range from