Corporate | 3 April 2014 07:28

2G Energy AG: Backlog of orders on record high level

2G Energy AG / Key word(s): Incoming Orders/Market Report

03.04.2014 / 07:28

Corporate News

2G Energy AG: Backlog of orders on record high level

– Backlog soars to 105 mio. Euro as of March 31, 2014

– Pre-drawing of investments in CHP plants before new EEG regulations come into force

Heek, April 3, 2014 – 2G Energy AG (ISIN DE000A0HL8N9), one of the leading manufacturers of combined heat and power (CHP) plants, has realized a backlog of orders for CHP plants in its books of 105 mio. Euro as of March 31, 2014 (prior year: 46.5 mio. Euro). The US-orders of 2G Cenergy Inc. of about 22 mio. Euro (s. Corporate News from February 3, 2014) are to be accounted additionally to the above backlog. For further orders of CHP plants 2G’s production capacity is limited to allow for a commissioning before July 31, 2014 (this is the known cut-off date within the scope of the new EEG regulation currently underway). Production lines in Heek, Germany, are working to full capacity with two working shifts per day, six days a week until summer already.

The current backlog order soared by 128 % compared to the backlog as of December 31, 2013 and compared to the backlog as of March 31, 2013, both stayed at 46 mio. Euro. Towards the end of the first quarter 2014 especially the backlog orders from German customers developed disproportionately with 85 Mio. Euro in the books. About 43 % stemming from biogas CHP orders and about 57 % from natural gas CHP orders. 2G’s management assesses this development as a pre-drawing of orders due to uncertainties about new EEG regulations. 2G expects these orders to be fully sales- and profit-related for business year 2014.

The order trend from markets outside Germany are fully in line with managements’ expectations. As of March 31, 2014 there are backlog orders of about 20 mio. Euro. As of today, 2G’s management assumes that the business in the third and fourth quarter will enter regular levels (within the scope of 2G’s growth prospects) again, with the international business gaining more weight.

More concrete proposals for the new EEG regulation introduced
At a meeting of the German government and the premiers of the German states last Tuesday the new EEG regulation has been discussed and CHP systems seem to have been granted further potential for growth and repowering. Still, the information basis is quite vague. 2G will want to wait for more concrete details before assessing the new regulations for its business. The government still follows a rapid timetable and wants the new EEG 2014 to be in force by August, 2014.

2G Energy AG company profile
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. So far, 2G was able to successfully install thousands of CHPs in 25 countries. Especially, in the performance range of 75 kW to 450 kW 2G posses own technological combustion engine concepts characterized by low specific fuel consumptions. 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 farmers to industrial clients, municipalities, real estate industry, up to municipal utilities and big utility companies. The high level of customer satisfaction is founded on the close-knit service network as well as the high technical quality and performance of 2G power stations. Thanks to the combined heat and power performance they achieve an overall degree of efficiency between 85 percent and well above 90 percent. To further enlarge the technologically leadership the company continuously invests in its R&D activities for gas engines for the use of natural gas, biogas and synthetic gases (e.g. hydrogen). Next to the construction of combined heat and power stations, the company, located in Westphalia in the north-west of Germany, offers integrated solutions reaching from the planning stage and installations to serial service and maintenance work. Due to its decentral locations, scalability and projectable availability combined heat and power stations shall play a crucial role as part of intelligent networked energy systems – so called virtual power stations – within the ongoing switch to clean energy.

In the context of Germany’s new energy policy, CHPs within smart grids – so-called virtual power plants – are becoming rapidly important due to their predictable availability. 2G Energy (ISIN DE000A0HL8N9) is listed in the Entry Standard of Deutsche Börse AG. The share capital amounts to EUR 4,430,000, and is split into 4,430,000 shares. As of December 31, 2013, the company’s founders held 55.9 % of the shares, with the free float amounting to 43.9 %. In 2012 financial year (January 1 to December 31), 2G Energy generated EUR 146.5 million of revenues, EUR 16.5 million of earnings before interest and tax (EBIT), and EUR 11.3 million of net income. The company currently employs 516 staff.

Forthcoming dates in 2014
April 30, 2014 Publication of Group revenue, total out and EBIT figures as of December 31, 2013
May 28, 2014 Publication of the consolidated annual financial statements as of December 31, 2013
July 16, 2014 Annual General Meeting
Sept. 30, 2014 Publication of the half-yearly consolidated financial statements as of June 30, 2014

Further information: www.2-g.de

Investor relations contact
2G Energy AG
Benzstr. 3
48619 Heek
Germany

Telephone: +49 (0) 2568 93 47-2795
Fax: +49 (0) 2568 93 47-15
E-mail: ir@2-g.de
Internet: www.2-g.de

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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
Listed:	Freiverkehr in Berlin, Düsseldorf, Stuttgart; Frankfurt in Open Market (Entry Standard)

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