Edition:
United States

2G energy AG (2GBG.F)

2GBG.F on Frankfurt Stock Exchange

23.00EUR
12:18pm EDT
Change (% chg)

€0.03 (+0.13%)
Prev Close
€22.97
Open
€22.73
Day's High
€23.00
Day's Low
€22.73
Volume
443
Avg. Vol
2,167
52-wk High
€24.99
52-wk Low
€15.94

Latest Key Developments (Source: Significant Developments)

2G Energy reports orders on hand of EUR 91.2 mln as of Dec. 31
Thursday, 16 Feb 2017 01:53am EST 

2G Energy AG <2GBG.DE>: As of Dec. 31, 2016, 2G reported orders on hand of 91.2 million euros ($96.74 million) (2015: 85.5 million euros; 2014: 42.3 million) . New business, meaning sum of orders that are part of backlog but are not yet in progress, stood at 53.7 million euros as of December 31, 2016 (2015: 52.0 million euros) .Against backdrop of surplus orders and customer demand running at a steady and healthy level, 2G has commenced fiscal year 2017 with positive prospects of growth in sales and earnings.  Full Article

2G Energy 9-month EBIT at 0.2 mln euros
Wednesday, 30 Nov 2016 02:07am EST 

2g Energy AG <2GBG.DE> : Reports company's positive Q3 trend as well as strong sales and results for year-end business accompanied by continued high order book position . 2016 outlook clearly confirmed: net sales and earnings targets to be achieved at upper end of range following strong year-end business typical for 2G . Marked 9-month EBIT improvement from -1.1 million euros (9m 2015) to 0.2 million euros . Net sales of 92.6 million euros in 9m 2016 (previous year: 84.3 million euros); total operating revenue reports marked growth to 119.9 million euros (previous year: 93.5 million euros) .2G receives major order for 9MW mine gas project in France.  Full Article

2G Energy H1 consolidated sales revenues up at 63.8 mln euros
Tuesday, 27 Sep 2016 02:05am EDT 

2G Energy AG <2GBG.DE>: 2G Energy shows considerably increased total operating revenue and improved earnings in the first half of 2016 . 2G grew in first half of 2016: consolidated sales revenues rose by 8% to 63.8 million euros ($71.75 million)and total operating revenue increased by 37% to 85.5 million euros . Confirms expectation for fy that respective upper region of revenue and earnings forecasts, namely 150 million to 170 million euros and an EBIT margin of three to five percent respectively, will be achieved . EBIT as of June 30 improved to minus 2.4 million euros (previous year: minus 3.9 million euros) .Sees EBIT as of June 30 improved to minus 2.4 million euros(previous year: minus 3.9 million euros) and is marked by a large inventory build- up during first half of year.  Full Article

2G Energy confirms FY outlook, extends CFO contract for 5 yrs
Monday, 4 Jul 2016 02:58am EDT 

2g Energy Ag <2GBG.DE>: Order book position above 100 million euros ($111.37 million) for CHP systems . Order book position as of May 31, 2016: 101.1 million euros (previous year: 72.4 million euros) . Is reconfirming its sales revenue and earnings forecast of 150 million euros to 170 million euros, and an ebit margin of 3 - 5 percent for FY 2016 . Management board expects to achieve respective upper ends of these ranges .Supervisory board has extended contract with Chief Financial Officer Dietmar Brockhaus for a further five years.  Full Article

2G Energy Q1 EBIT amounted to 0.1 million euros
Wednesday, 25 May 2016 07:32am EDT 

2g Energy AG <2GBG.DE>: Dynamic start to FY 2016 with high order book position home and abroad . 25.3 million euros ($28.19 million) of sales revenue generated in Q1 (28.9 million euros year ago) . Q1 total operating revenue amounts to 35.6 million euros (27.4 million euros year ago) . Q1 EBIT amounted to 0.1 million euros (-0.4 million euros year ago) . 2016 guidance: sales revenue of 150 million euros to 170 million euros, EBIT margin 3-5 percent . 2015: revenue of 152.9 million euros (previous year: 186.6 million euros), EBIT margin of 3.1 percent (6.1 percent) . Consolidated net profit for 2015 amounts to 2.6 million euros (6.9 million euros) .Proposes 0.37 euro dividend.  Full Article

2G Energy comments on FY 2016 outlook
Monday, 25 Apr 2016 02:09am EDT 

2G Energy AG:FY 2016 outlook: revenue of 150 million - 170 million euros, EBIT margin of 3 - 5 pct.  Full Article

2G Energy AG gives FY 2016 outlook
Thursday, 11 Feb 2016 01:56am EST 

2G Energy AG:‍Anticipates growth in sales and earnings in FY 2016 compared with previous year​.  Full Article

2G Energy AG confirms FY 2015 outlook
Monday, 30 Nov 2015 02:57am EST 

2G Energy AG:Forecast for FY 2015 of sales revenue between 140.0 million euros and 160.0 million euros, and low, positive EBIT result, is confirmed.  Full Article

2G Energy wins tender through partners in Japan to install CHPs at treatment plant in Tokyo
Tuesday, 10 Nov 2015 01:51am EST 

2G Energy AG:Receives major UK order for 5 MW CHP system.Wins tender through partners in Japan to install CHPs at treatment plant in Tokyo - very high potential for follow-up orders.Order comprises one of largest orders in company's history to date.Order will be recognized as sales revenue in second half of 2016.Delivery of plant is planned for mid-April 2016, with commissioning scheduled for June 2016.  Full Article

2G Energy announces supply agreement with COGENCO Ltd
Monday, 2 Nov 2015 02:05am EST 

2G Energy AG:Cooperation agreement with Veolia CHP subsidiary, Cogenco Ltd., strengthens 2Gs market position in UK.Main goal of this partnership is that 2G supplies key technology for CHP solutions up to 4.4 MW and Cogenco Limited covers sales and service, project management and installation for UK market.Agreement marks start of a strategic expansion in CHP services offered by Cogenco Limited under Veolia brand.  Full Article

More From Around the Web