Ihre
gewählte
Nachricht : |
|
| Datum : | 30.04.2014 |
Titel : |
DGAP-News: 2G Energy AG: FY 2013 Group net sales and earnings in line with expectations |
| Meldung : | DGAP-News: 2G Energy AG / Key word(s): Preliminary Results/Final Results 2G Energy AG: FY 2013 Group net sales and earnings in line with expectations 30.04.2014 / 07:28 --------------------------------------------------------------------- Corporate News 2G Energy AG: FY 2013 Group net sales and earnings in line with expectations - Total output of EUR 137.5 million at previous year's level - Earnings affected by weak first half-year and high level of work in progress Heek, April 30, 2014 - 2G Energy AG (ISIN DE000A0HL8N9), one of the leading German manufacturers of combined heat and power (CHP) plants, issues an advance announcement that it generated around EUR 126.1 million of consolidated net sales during its financial year ending on December 31, 2013 (previous year: EUR 146.5 million). Total output of around EUR 137.5 million is at the previous year's level of EUR 139.2 million due to an increase of work in progress of approximately EUR 11.3 million (previous year: approximately EUR 7.3 million reduction in work in progress). The company generated around EUR 3.1 million of earnings before interest and tax (EBIT) on the basis of German Commercial Code (HGB) accounting (previous year: EUR 16.5 million). The record order book position for CHP systems that was reported at the start of April 2014 has since registered a further slight increase. Along with the strong German market, the United Kingdom and France are especially dominant within Europe, as well as Japan and, in particular, the US market. Production capacities at the sites in Heek and St. Augustine, USA, are utilized through the summer and beyond. As planned, 2G will publish its audited 2013 consolidated financial statements on May 28, 2014, as well as a forecast for the current financial year. 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 50 kW to 550 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 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 End of Corporate News --------------------------------------------------------------------- 30.04.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------- 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) End of News DGAP News-Service --------------------------------------------------------------------- 265550 30.04.2014 |
| Sender : | Homepage |