2G Energy AG plans to raise dividend from EUR 0.40 to EUR 0.42 per share
Heek, May 18, 2018 - 2G Energy AG (ISIN DE000A0HL8N9), one of the internationally leading manufacturers of gas driven combined heat and power (CHP) systems, plans to raise its dividend for the 2017 financial year from EUR 0.40 to EUR 0.42 per share. This proposal for the application of unappropriated profit submitted by the Management and Supervisory boards reflects the sustainably positive growth of the company, whose 2017 financial year unfolded in an satisfying manner. Net sales reached a new record level of EUR 189.4 million (previous year: EUR 174.3 million), according to the audited results now available. This 8.7 % net sales growth underscores the constant organic trend at 2G, as its consolidated net sales have averaged 8.5 % growth per year since 2013. Earnings before interest and tax (EBIT) improved by 29.8 % to EUR 7.3 million (previous year: EUR 5.6 million), corresponding to a 3.9 % EBIT margin.
Good financial position in FY 2017 Total assets increased only slightly to EUR 116.3 million as of the December 31, 2017 balance sheet date (previous year: EUR 111.4 million). Thanks to improved throughput times, especially work-in-progress reduced by EUR 2.9 million. Combined with the enhanced profitability, operating cash flow thereby improved to EUR 12.8 million (previous year: EUR 6.4 million). On the assets side of the balance sheet, this led to an increase in liquid funds from EUR 10.2 million to EUR 16.1 million, which for a large part also include payments already received for long-term service contracts.
Thanks to retained earnings, equity rose by 5.3 % to EUR 55.7 million, with the equity ratio posting a slight increase to 47.9 % (previous year: 47.5 %). 2G thereby enjoys a very comfortable overall financial position to continue its internationalization strategy.
Based on strong new order intake, 2G continues to expect achieving further progress on its growth course during the current year. The outlook envisages consolidated net sales in a range between EUR 180 million and EUR 210 million and an EBIT margin between 3.5 % and 5.5 %. Along with the efficiency measures that have been introduced as well as further margin enhancements in the service business, the good balance sheet structure of the 2G Energy Group also forms the basis for this growth.
Detailed information is presented in the audited consolidated financial statements and in the 2017 annual report, which are available at http://www.2-g.com/en/financial-publications/.
2G company portrait 2G Energy AG is an internationally leading full-service provider of combined heat and power systems (CHP) with electric output between 20 kW and 2,000 kW, which are harnessed for the decentralised generation and supply of electricity and heating. Deploying its many years of experience, expertise and technological know-how, the innovative CHP technology of 2G is always translated into industrial progress. 2G is consistently expanding its technology leadership through continuous research and development work, both in gas engine technology for natural gas, biogas and synthetic gas applications (e.g. hydrogen), as well as in specific software development. In particular, this product range, which is based on thousands of systems realised, significantly differentiates 2G from its competitors.
2G benefits from global long-term trends that make efficient and effective energy solutions ever more important. These trends include not only rising energy demand but also the need to conserve natural resources. Moreover, in the energy revolution's future electricity market design, the digitalisation consistently implemented by 2G 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 600 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 31 countries and generated net sales of EUR 189.4 million in the 2017 financial year. 2G was founded in 1995 and has been listed on the stock market since 2007.
The shares of 2G Energy (ISIN DE000A0HL8N9) have been listed in the "Scale" segment of the Frankfurt Stock Exchange since March 1, 2017, having previously been listed in the "Entry Standard" segment. The share capital amounts to EUR 4,430,000, and is divided into 4,430,000 shares. As of April 2018, company founders Christian Grotholt and Ludger Gausling held a 53.3 % interest in the company, with the free float amounting to 46.7 %.
2018 calendar dates May 30, 2018 Q1 key figures and business trends June 7, 2018 Quirin Champions, Frankfurt July 4, 2018 Ordinary AGM, Ahaus September 27, 2018 Consolidated half-year financial statements as of June 30, 2018 November 26, 2018 Q3 key figures and business trends November 26-27, 2018 Germany Equity Capital Forum 2018 December 4-5, 2018 Midcap Event, Geneva
IR contact 2G Energy AG Benzstrasse 3, 48619 Heek Telephone: +49 (0) 2568 93 47-2795 Fax: +49 (0) 2568 93 47-15 Email: email@example.com Internet: www.2-g.com
18.05.2018 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.deLanguage: English Company: 2G Energy AG Benzstr. 3 48619 Heek
Germany Phone: +49 (0)2568-9347-0 Fax: +49 (0)2568-9347-15 E-mail: firstname.lastname@example.org Internet: www.2-g.de ISIN: DE000A0HL8N9 WKN: A0HL8N Indices: Scale 30 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Stuttgart, Tradegate Exchange End of News DGAP News Service