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2G Energy AG: Changes of 2G Energy AG Supervisory Board

·6-min read

DGAP-News: 2G Energy AG / Key word(s): Personnel/Incoming Orders
28.01.2021 / 08:30
The issuer is solely responsible for the content of this announcement.

Changes of 2G Energy AG Supervisory Board

- Prof. Dr. Christof Wetter and Dr. Jürgen Vutz now succeeding Heinrich Bertling and Wiebe Hofstra

- Order intake stable at high level in Q4 2020 (EUR 36.8 million; previous year: EUR 36.1 million), including high order backlog EUR 111.2 million for 2021 (Prior year: EUR 116.8 million).

- 2G Energy AG awarded ESG Prime Rating


Heek, January 28, 2021 - 2G Energy AG (ISIN DE000A0HL8N9), one of the internationally leading manufacturers of gas driven combined heat and power (CHP) systems, has made Supervisory Board changes effective as of January 1, 2021. Heinrich Bertling and Wiebe Hofstra stepped down from their posts at the end of last year on the best of terms. "At this point I would like to express my very special gratitude to Mr. Bertling and Mr. Hofstra for their always committed and constructive cooperation," as Dr. Lukas Lenz, Chairman of the Supervisory Board of 2G Energy AG stated.

"At the same time, we welcome Prof. Dr. Christof Wetter (61), a renowned expert in the field of environmental technology as well as biomass utilization and recycling. With Dr. Jürgen Vutz (64), we are also gaining an experienced corporate executive on the Supervisory Board, who was most recently active as Chairman of the Board of Windmöller & Hölscher KG for around 20 years."

Prof. Dr. Wetter and Dr. Vutz were appointed to the Supervisory Board by the Local Court. The Supervisory Board elected Dr. Vutz as Deputy Chairman of the Supervisory Board.

Order intake in the fourth quarter slightly above the prior year level
Thanks to a stable order intake in the fourth quarter coming in at EUR 36.8 million (previous year: 36.1 million), 2G is starting the 2021 financial year with well-filled order books (111.2 million euros). Particularly in the month of December, 2G was able to acquire orders significantly above the previous year's level (EUR 14.8 million, previous year: EUR 10.3 million). In this context, an upturn in incoming orders in the USA had a positive impact (EUR 5.5 million). At EUR 148.3 million, total new order intake was up by some 5 % on the previous year (EUR 140.9 million).

"Every natural gas engine we develop is potentially also a hydrogen engine, because these engines become - if desired - "H2-ready" through a subsequent conversion and thus make a fundamental contribution to decarbonization," says CEO Christian Grotholt. "It is therefore very pleasing that we have been able to significantly increase the proportion of CHP units with such forward-looking engines."

In view of the strong order backlog - in spite of a large number of projects finally invoiced in the fourth quarter - the Executive Board is confident of achieving sales revenues of between EUR 240 and 260 million in the current fiscal year.

2G Energy AG receives ESG Prime Rating from ISS
The Institutional Shareholder Services Inc. (ISS) rating agency has once again awarded 2G an ESG Prime Rating. This positions 2G among the top 20 percent in the relevant "Industry" comparison group. ISS evaluates sustainability performance in the form of a corporate rating, which comprises the three areas of social, environmental and governance and is based on around 100 industry-specific criteria.

"Achieving "Prime" status underlines the progress 2G is making in implementing its sustainability strategy and is also an incentive to further step up our efforts in this area," as Friedrich Pehle, CFO of 2G Energy AG explained.


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.

2G benefits from global long-term trends that make efficient and decentralized energy solutions ever more important. These trends include not only rising energy demand but also the need to conserve natural resources. The parallel generation of electrical and thermal energy makes CHP technology more efficient and climate-compatible than conventional energy production methods, especially when, for example, hydrogen of regenerative origin is utilized as fuel. 2G power plants can offset wind and solar power plant production fluctuations as required, thereby forming a backbone technology for future supply concepts. 2G's customers thereby benefit consistently from economically and ecologically highly beneficial innovations that rapidly pay for themselves and create extensive added values.

2G is consistently expanding its technological leadership through continuous research and development work, both in gas engine technology for natural gas, hydrogen and biogas applications, as well as in specific software development. Moreover, in the energy revolution's future electricity market design, the digitalization that 2G consistently implements forms an indispensable system-relevant element in combination with solar, wind, biogas and natural gas producers, and establishes a high barrier to market entry for competitors.

2G employs around 700 staff at its headquarters in Heek, Germany, in North America, as well as at five other European locations. The company is active in more than 50 countries and generated net sales of EUR 236 million in the 2019 financial year. 2G was founded in 1995 and has been listed on the stock market since 2007. The shares of 2G Energy (ISIN DE000A0HL8N9) are listed in the "Scale" segment of the Frankfurt Stock Exchange. As of Tuesday, June 30, 2020, company founders Christian Grotholt and Ludger Gausling held a 52.3 % interest in the company, with the free float amounting to 47.7 %.

2021 calendar dates
February 25 Announcement of preliminary 2020 consolidated net sales
March 25 Preliminary results for the FY ending December 31, 2020, 2021 guidance
26. March Metzler MicroCap Days
14.-15 April Warburg Renewables Conference
April 29 Publication of the consolidated financial statements for the FY ending December 31, 2020
May 17 Q1 key figures and business trends
May 17-19 Spring Conference, Frankfurt am Main
June 15 Ordinary AGM, Ahaus
September 9 Consolidated financial statements as of June 30, 2021
November 18 Q3 key figures and business trends
November German Equity Capital Forum, Frankfurt am Main

IR contact
2G Energy AG
Benzstr. 3, 48619 Heek
Telephone: +49 (0) 2568 93 47-2795
Fax: +49 (0) 2568 93 47-15
Email: ir@2-g.de
Internet: www.2-g.de


28.01.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

2G Energy AG

Benzstr. 3

48619 Heek

Germany

Phone:

+49 (0)2568-9347-0

Fax:

+49 (0)2568-9347-15

E-mail:

service@2-g.de

Internet:

www.2-g.de

ISIN:

DE000A0HL8N9

WKN:

A0HL8N

Indices:

Scale 30

Listed:

Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Stuttgart, Tradegate Exchange

EQS News ID:

1163858


 

End of News

DGAP News Service

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