Company Announcements

2G Energy AG increases total output by 10 % in the first quarter (EUR 84.6 million, previous year: EUR 76.7 million)

• Due to customer delays in Eastern Europe, numerous projects cannot yet be finalized (sales EUR 69.9 million, previous year: EUR 69.5 million, shift to Q2 and Q3)
• Management Board confirms sales and EBIT forecast for 2024 and 2025
• Weaker EBIT in the first quarter due to delayed final invoices (EUR -3.3 million, previous year: EUR +0.9 million)

Heek, May 22, 2025 - 2G Energy AG (ISIN DE000A0HL8N9), one of the leading international manufacturers of sustainable power plants and combined heat and power (CHP) systems as well as a producer of heat pumps, is continuing its expansion course and increased its output by 10 % to EUR 84.6 million in the first quarter of 2025 (previous year: EUR 76.7 million).

Due to customer delays in Eastern Europe, numerous projects cannot yet be finalized (sales EUR 69.9 million, previous year: EUR 69.5 million, shift to Q2 and Q3)

The main reason for the temporary delays are backlogs on the part of major international customers, often in the public sector. If collection by customers is further delayed, the final invoice will be issued after the deadline, largely in the current second quarter and in some cases in the third quarter. Most of the power plants affected have already been paid in full. The delayed final invoices therefore have a particular impact on the sales reported and the significant increase in work in progress (EUR 14.8 million, previous year: EUR 7.2 million, +104 %).

Management Board confirms sales and EBIT forecast for 2024 and 2025

In a number of core markets, the strong upturn that began last year is stabilizing. In the USA, for example, the strong demand for data centers is continuing and at the same time more and more of the planned facilities are no longer being supplied from the public power grid. In the short and medium term, the electricity requirements of these numerous future large-scale consumers will mainly come from decentralized power plants, which represents considerable additional market potential for continuously running, gas-powered reciprocating gensets.

In Germany, the significant increase in demand for CHP solutions is continuing after the German Bundestag modernized and extended both the Renewable Energies Act and the CHP Act in January. In addition, the market launch of large heat pumps (in the output range from 100 to 2,600 kW) is going very well, with the result that 2G expects incoming orders of at least EUR 10 million in the current year (previously "up to EUR 10 million"). 

Based on the continued very high level of sales activities in Germany and abroad, the Management Board confirms the sales forecast for the current year (EUR 430 to 450 million) and the coming year (EUR 440 to 490 million). The Management Board also confirms the EBIT forecast for the current year (8.5 to 10.5 %) and for the coming year (9.0 to 11.0 %).

Weaker EBIT in the first quarter due to delayed final invoices (EUR -3.3 million, previous year: EUR +0.9 million)

EBIT was negative at EUR -3.3 million in the first quarter of 2025 (previous year: EUR 0.9 million) as a result of the missing final invoices described above. This is in line with the Q1 results of recent years, which have mostly been negative or at best balanced.

2G company portrait
The 2G Energy AG Group is an internationally leading manufacturer and system provider of decentralized energy supply systems. The company develops, produces and installs comprehensive solutions in the structurally growing market for highly efficient CHPs, large heat pumps and peak-load gensets. Digital grid integration and plant control for these types of energy generators, as well as service and maintenance, are further decisive performance criteria.

The product portfolio comprises three types of energy generation: CHP plants in the output range from 20 kW to 4,500 kW for operation with hydrogen, natural gas, biogas and other lean gases, large heat pumps in the range from 100 kW to 2,6000 kW as well as peak-load gensets with an electrical output of 500 kW or more. CHP plants operate with efficiencies of 90 percent and more, while large heat pumps achieve efficiencies of 300 to 500 percent, depending on the general conditions. With its products and services, 2G is at the interface to a decentralized, secure and largely decarbonized energy supply. More than 9,000 2G systems have already been installed worldwide in various applications, supplying electrical and thermal energy to a wide range of customers from the housing industry, agriculture, commercial and industrial companies, energy suppliers, municipal utilities and local government authorities.

2G is positioned worldwide as a system provider for decentralized energy solutions with its combination of CHP plants, peak-load gensets and large heat pumps. The company benefits from far-reaching synergies of these plant categories, ranging from project development, procurement, production and the predominantly containerized design to the largely identical customer base and regulatory framework as well as sales channels and digital control and service.

2G is consistently expanding its technological leadership through continuous research and development work, both in power plant and pump technologies as well as in specific software development for service and maintenance activities. The digital grid integration consistently implemented by 2G is an indispensable, system-relevant element in the future electricity market design and represents a high market entry hurdle for competitors. The sector coupling required for the success of the energy transition is reflected in 2G's portfolio.

2G employs more than 900 employees at its headquarters in Heek, Germany, in North America, as well as at six other European locations. The company is active in more than 50 countries and generated net sales of EUR 375.6 million in the 2024 financial year with an EBIT margin of 8.9 %.

2G was founded in 1995. The shares of 2G Energy (ISIN DE000A0HL8N9) have been listed on the stock exchange market since 2007 and are included in the “Scale” segment of the Frankfurt Stock Exchange and listed in the Scale30 index.

Calendar 2025
June 12                    Ordinary AGM, Ahaus
September 04          Consolidated financial statements for H1 2025
November 24           Q3 key figures and business trends
November, 24-25     German Equity Forum, Frankfurt

IR contact
2G Energy AG
Benzstrasse 3, 48619 Heek
Phone: +49 (0) 2568 93 47-2795
Fax: +49 (0) 2568 93 47-15
Email: ir@2-g.de
Internet: www.2-g.com