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2G Energy AG: New order intake up by more than 20 % in Q2 to EUR 47.8 million

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DGAP-News: 2G Energy AG / Key word(s): Incoming Orders
22.07.2021 / 08:30
The issuer is solely responsible for the content of this announcement.

Corporate News Heek, July 22, 2021

2G Energy AG: New order intake up by more than 20 % in Q2 to EUR 47.8 million


Heek, July 22, 2021- 2G Energy AG (ISIN DE000A0HL8N9), one of the internationally leading manufacturers of gas driven combined heat and power (CHP) systems, reports continued dynamic new order intake of EUR 47.8 million in the second quarter (previous year: EUR 39.0 million). At the end of the first six months, new order intake totaled EUR 91.7 million, up by around 7 % on the previous year's level (EUR 85.6 million).

Foreign business remained robust in the second quarter, contributing to around 44 % of new order intake. Overall, the composition of new order intake in the past quarter is as follows:

 

Q2 2021

Q2 2020

Change

 

EUR millions

in %

EUR millions

in %

EUR millions

in %

Germany

26.6

56 %

26.5

68 %

+ 0.1

+ 1 %

Rest of Europe

13.1

28 %

5.7

15 %

+ 7.4

+ 130 %

North/Central America

4.6

10 %

0.5

1 %

+ 4.1

+ 850 %

Asia/Australia

1.9

4 %

5.1

13 %

- 3.2

- 63 %

Rest of the world

1.6

3 %

1.3

3 %

+ 0.3

+ 23 %

Total

47.8

100 %

39.0

100 %

+ 8.8

+ 23 %

 

Management Board welcomes EU's "Fit for 55" measures
On July 14, the European Commission presented a comprehensive package of EU directives and regulations under the designation "Fit for 55", with the help of which the EU's ambitious climate protection goals - a reduction of greenhouse gas emissions by 55 % by 2030 compared to 1990 and climate neutrality by 2050 - are to be achieved. The target for the production of energy from renewable sources has been increased to 40 % by 2030. Energy efficiency, in turn, is to rise from 32.5 % to 36 %. A few days earlier, the German Federal Ministry for Economic Affairs and Energy (BMWi) revised its estimate of future electricity consumption, and now assumes that electricity demand in 2030 will stand around 15 % higher than previously calculated.

"The package of measures that has been presented will once again accelerate the transformation of the European energy market. Given this, reliable backbone technology is needed more than ever to compensate for the volatility of renewable generators and integrate them into a secure supply system. 2G CHP systems offer all the prerequisites to provide exactly this power plant capacity reliably, climate-neutral and on decentralized basis with hydrogen or biogas," notes CEO Christian Grotholt.
"We also want to emphasize in this context that the EU Commission is not calling for a complete discontinuation of the internal combustion engine from 2035 - which is a simplistic interpretation that has often been presented in the press. Rather, there is talk of only allowing new cars from 2035 onwards that operate with zero emissions. 2G already provides this zero-emission capability with its production-ready hydrogen technology, and can convert the natural gas CHP units it has already supplied over to hydrogen operation just as soon as customers request conversion," adds CTO Frank Grewe.

2G company portrait

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 (CHPs), the company offers comprehensive solutions in the growth market for highly efficient CHPs. 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 harnessed 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, especially in the deployment of hydrogen engines. 2G's customers thereby derive consistent benefits 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 247 million in the 2020 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 February 15, 2021, company founders Christian Grotholt and Ludger Gausling held a 45.1 % interest in the company, with the free float amounting to 54.9 %.

 

2021 calendar dates
August 26              Announcement of preliminary consolidated net sales for 1.HY 2021
September 6         Q2 Key financials and business trends
September 6-7      Equity Forum Fall Conference
September 9         Consolidated financial statements as of June 30, 2021
November 18        Q3 Key financials and business trends
November 22-24  (Virtual) German Equity Forum

IR contact
2G Energy AG
Benzstrasse 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


22.07.2021 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:

1220747


 

End of News

DGAP News Service

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