DGAP-Adhoc: 2G Energy AG: Sales and earnings forecast exceeded after successful year-end business
08.03.2018 (www.4investors.de) -
DGAP-Ad-hoc: 2G Energy AG / Key word(s): Preliminary Results
2G Energy AG: Sales and earnings forecast exceeded after successful year-end business
08-March-2018 / 12:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Sales and earnings forecast exceeded after successful year-end business
2G Energy AG (ISIN DE000A0HL8N9), an international manufacturer of gas-fired combined heat and power (CHP) plants, has achieved consolidated sales of approximately EUR 189 million based on now consolidated, but still unaudited single-entity financial statements. The reason for exceeding the sales forecast of EUR 180 million is the high proportion of CHP projects that were finalised at the end of the year. This effect resulted in particular from the closer interconnection between 2G Energietechnik GmbH and its foreign subsidiaries.
The Management Board had previously expected the EBIT margin to range between 3.0 % and 3.5 %. On the basis of the available figures, the EBIT margin is expected to increase in proportion to sales growth to up to 4 %. In the previous year, the EBIT margin was 3.2 %.
End of ad hoc news
2G will publish detailed information (preliminary figures) for financial year 2017 as announced on 26 April 2018.
For further information:
2G Energy AG
Friedrich Pehle, CFO
Benzstr. 3, 48619 Heek
Tel: +49 (0) 2568 93 47 - 2636
Fax: +49 (0) 2568 93 47 - 15
08-March-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
2G Energy AG
Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Stuttgart, Tradegate Exchange
End of Announcement
DGAP News Service
661763 08-March-2018 CET/CEST
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