Corporate | 19 March 2012 11:14

2G releases record set of preliminary sales figures

2G Energy AG / Key word(s): Development of Sales

19.03.2012 / 11:14

2G releases record set of preliminary sales figures

1. 2G Manufacturing Inc. founded in USA

2. Production space expansion commences

Heek, March 19, 2012 – 2G Energy AG (2G), one of the leading German manufacturers of combined heat and power (CHP) plants, significantly exceeded both analysts' and its own communicated revenue expectations again in the past financial year. In their most recent studies analysts had been assuming EUR 158 million of revenue for the 2011 financial year, while the company generated around EUR 167 million of consolidated revenue according to preliminary figures (previous year: EUR 91.8 million) – reflecting 82% growth compared with 2010, and 227% compared with 2009. Earnings also improved further, in line with expectations, with the EBIT margin prospectively lying in the 11-12% range (previous year: 10.5%).

Internationalization and production expansion advance
As planned, 2G Energy AG's internationalization advances further in the current financial year, following last year's new founding of three foreign subsidiaries. The new founding of 2G Manufacturing Inc., which is based in Florida, USA, represents an important step in this context. 2G's own local production will strengthen its presence in this high-growth and important market.

A marked reduction in transportation costs, greater independence from currency exchange-rate fluctuations, and the strengthening of customer confidence through 2G operating its own local subsidiary underpinned this decision.

The construction of new production halls at the Group's headquarters in Heek, Germany, commenced a few days ago in order to continue to be able to serve expected sales growth in Central and Eastern Europe. The new construction enlarges the local production area by an additional 3,000 m²  which results in a total of 12.000 m². It is assumed that production will commence on these areas no later than in the autumn of this year.

The company will present its complete annual report on May 31, 2012, detailed preliminary figures will be published beginning of April.

Company profile
2G Energy AG (formerly 2G Bio-Energietechnik AG) is one of the leading providers of plants for the decentralized supply of energy. With the development, production and installation of combined heat and power (CHP) plants, as well as related services, the company offers comprehensive solutions in the growing market for highly efficient cogeneration systems, which will benefit greatly from political support for enhanced climate protection over the coming years.

Forthcoming dates:
May 3, 2011: Entry and General Standard Conference, Frankfurt am Main
May 31, 2011: Publication of the 2010 annual financial statements
July 21, 2011: Annual General Meeting, Heek

Further information: www.2-g.de
2G Bio-Energietechnik AG
Benzstr. 3, 48619 Heek
Telephone: +49 2568 93 47-0
Fax: +49 2568 93 47-15
E-mail: info@2-g.de

UBJ. GmbH, Ingo Janssen
Kapstadtring 10, 22297 Hamburg
Telephone: +49 40 6378 5410
Fax: +49 40 6378 5423
E-mail: ir@ubj.de

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