2G Energy AG: Search for new CFO brought to successful conclusion; order intake remains upbeat

DGAP-News: 2G Energy AG / Key word(s): Change of Personnel/Incoming Orders 2G Energy AG: Search for new CFO brought to successful conclusion; order intake remains upbeat 12.09.2017 / 09:28 The issuer is solely responsible for the content of this announcement. - Friedrich Pehle to become new CFO - Strategic lead projects to receive sustained support from this change - customer and partner portal "my.2-g.com" goes live and generates first revenues - Order intake in July and August up 26.3 % year on year - Order backlog of EUR 122.7 million secures capacity utilization through to end of Q1 2018   The Supervisory Board of 2G Energy AG (ISIN DE000A0HL8N9), a leading German manufacturer of gas powered cogeneration (CHP) systems, successfully concluded the search for a replacement for Dietmar Brockhaus, the former CFO who left the company in June. Friedrich Pehle will become the successor and will take up office on December 1, 2017. "In Friedrich Pehle we are delighted to have won an internationally experienced manager who, alongside his routine work as CFO of a listed company, will also contribute his practical experience from managing similar production companies in mechanical engineering. Our "Internationalization" and "Lead to Lean" lead projects will benefit from him in particular", said Christian Grotholt, Chief Executive Officer and founder of 2G Energy AG. "Digitalization" as the third master project reached another stage in its expansion in August 2017, with the first ever calculation of license fees for the use of the customer and partner portal my.2-g.com. With the aid of twelve useful tools and services in total, the portal enables system operators and sales partners to manage their 2G systems extremely efficiently and transparently, as well as facilitating the ongoing optimization of operating a system. Among other components, this includes a Plant Manager that provides a quick overview of a system's current performance data, the digital archiving of all the relevant documents on a system (Project Documents), as well as an online ordering option for procuring replacement parts. Other tools are being developed and refined on permanent basis. Ongoing upbeat order intake secures capacity utilization through to Q1 2018 Order intake continued to develop extremely well in the months of July and August. Orders totaling EUR 28.6 million were acquired (previous year: EUR 22.7 million), with growth being achieved through higher levels of new orders both in Germany and from abroad. The order backlog stood at EUR 122.7 million at the end of August 2017 (previous year: EUR 127.2 million), which secures double shift production through to the end of the first quarter of 2018. Given the healthy order situation, the Management Board anticipates an increase in revenues of up to EUR 180 million in the current fiscal year 2017 compared with the previous year (EUR 174 million). The forecasted range of between EUR 160 to 180 million has therefore been further specified. 2G Energy AG: 2G Energy AG is a leading international full service provider of cogeneration (CHP) systems with an electric capacity of between 20 kW and 2,000 kW utilized for the decentralized generation and supply of electricity and heating. 2G has consistently translated the innovative CHP technology into industrial progress through its long standing experience, competences and technological know-how. 2G is steadily expanding its technology leadership through continuous research and development, both in gas engine technology for natural gas, biogas and synthetic gas applications (e.g. hydrogen), as well as in specific software development. This product and service range in particular, with thousands of systems put into operation, puts clear blue water between 2G and its competitors. 2G benefits from long-term global trends that make high-performance energy solutions increasingly important. This includes the growing demand for energy, accompanied by the necessity of using natural resources sparingly. Furthermore, digitalization, which is consistently implemented by 2G in the context of the electricity market design of the future as part of the energy policy revolution, in combination with solar, wind, biogas and natural gas producers is an indispensable system-relevant component and creates a high barrier to market entry for competitors. The combined generation of mechanical energy and useful heat makes the CHP technology more efficient and climate compatible compared with conventional methods of producing energy. Measured against conventional power generation, the technology saves up to 40 % on primary energy, while reducing CO2 emissions by up to 60 %. 2G's customers therefore consistently benefit from extremely advantageous, economical and ecological innovations that enable rapid amortization and deliver considerable value added. 2G employs around 600 members of staff who work in the company's headquarters in Heek, Germany, in St. Augustine, USA, and in five other European locations. The company operates in a total of 31 countries and generated revenues of EUR 174.3 million in fiscal 2016. 2G was founded in 1995 and has been a listed company since 2007. The shares of 2G Energy (ISIN DE000A0HL8N9) have been listed in the "Scale" trading segment on the Frankfurt Stock Exchange since March 1, 2017. The share capital amounts to EUR 4,430,000 and is divided into 4,430,000 shares. The company's founders held 53.1 % of the shares as of the end of May 2017, with free float amounting to 46.9 % 2017 dates Sept. 28, 2017 Semiannual consolidated financial statements as of June 30, 2017 Nov. 27. - 28, 2017 German Equity Capital Forum 2017 Nov. 30, 2017 Q3 key figures and business trends IR Contact 2G Energy AG Benzstr. 3 48619 Heek Germany Tel.: [phone] Fax: [phone] email: [e-mail] Internet: www.2-g.de 12.09.2017 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.de

Language:	English
Company:	2G Energy AG
	Benzstr. 3
	48619 Heek
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.2-g.de
ISIN:	DE000A0HL8N9
WKN:	A0HL8N
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange; Open Market (Scale) in Frankfurt

End of News	DGAP News Service

608681  12.09.2017