2G Energy AG
- WKN: A0HL8N
- ISIN: DE000A0HL8N9
- Land: Deutschland
Nachricht vom 26.09.2019 | 08:00
2G Energy AG increases EBIT disproportionately to EUR 2.9 million in the first half of the year
DGAP-News: 2G Energy AG
/ Key word(s): Half Year Results/Incoming Orders
Modest rises in staff levels both abroad and in the service business meant that the personnel cost ratio only improved slightly to 17.9 % in spite of the increase in sales (HY 2018: 18.1 %). An unfavorable product and country mix also led to an increase, albeit small, in the cost of materials ratio (69.5 %; HY 2018: 68.4 %). The main drivers of the continuing rise in profitability are therefore a further streamlining of efficiency and enhanced capacity utilization at the Heek facility which is reflected in stable depreciation (EUR 1.8 million; HY 2018: EUR 1.8 million) and a fall in other operating expenses (EUR 10.0 million; HY 2018: EUR 10.4 million).
Position paper from the climate cabinet underlines significance of CHP systems for implementing the energy turnaround
Beneficial amendments to the Renewable Energy Act and Combined Heat and Power Act for operating CHP systems come into force
Overall, this means that planning certainty and the investment horizon have increased substantially for the CHP sector in Germany. With a look to the upcoming quarters, 2G is expecting demand, particularly for gas-driven systems, to pick up.
Management Board reinforces specific forecast for 2019
2G benefits from global long-term trends that make efficient and effective energy solutions ever more important. These include rising energy demand accompanied at the same time by the need to conserve natural resources. 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 creates a high barrier to market entry for competitors.
The cogeneration of mechanical energy and heating/cooling make CHP technology more efficient and more environmentally compatible than conventional energy production methods. Compared with conventional electricity generation, CHP technology saves up to 40 percent of primary energy, and emits up to 60 percent less carbon dioxide and nitrogen oxide. 2G customers thereby benefit consistently from economically and ecologically highly beneficial innovations that rapidly pay for themselves and create extensive added values.
2G employs around 640 staff at its headquarters in Heek, Germany, in St. Augustine, USA, as well as at five other European locations. The company is active in a total of 50 countries and generated net sales of EUR 209.8 million in the 2018 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. The share capital amounts to EUR 4,430,000 and is divided into 4,430,000 shares. As of June 30, 2019, company founders Christian Grotholt and Ludger Gausling held a 53.0 % interest in the company, with the free float amounting to 47.0 %.
2019 calendar dates
|Company:||2G Energy AG|
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Stuttgart, Tradegate Exchange|
|EQS News ID:||880361|
|End of News||DGAP News Service|
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