EQS-News: 2G Energy AG achieves consolidated sales of around EUR 376 million in 2024 according to preliminary figures (previous year: EUR 365.1 million, +3 %)

2G Energy AG achieves consolidated sales of around EUR 376 million in 2024 according to preliminary figures (previous year: EUR 365.1 million, +3 %)

• New plant business abroad exceeds domestic business for the first time (abroad: approx. EUR 110 million, Germany: approx. EUR 97 million)
• Service business abroad grows by approx. 8% (approx. EUR 57 million, previous year: EUR 53.2 million)
• Domestic business showing only temporary weakness (approx. EUR 209 million, previous year: EUR 235.0 million, -11 %) and has already picked up significantly since the beginning of the year
• Based on a record order backlog, the growth forecast for the current year (EUR 430 to 450 million) and for 2026 (EUR 440 to 490 million) is confirmed

Heek, February 27, 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, continued to benefit from its successful internationalization strategy in the past 2024 financial year, according to preliminary figures. This is due to the strong growth in international business (approx. + 28%) compensating for the weaker German market, where sales declined by approximately 11% last year.

The latest energy policy decisions of the recently concluded legislative period of the 20th German Bundestag and the prospect of a swift formation of a government in Germany underline the fact that the current weak phase in the domestic market is only of a temporary nature.

Overall, Group sales were up by around 3% to approximately EUR 376 million, which is in the middle of the original forecast range (EUR 360 - 390 million) and the recently specified range (EUR 370 - 380 million). This figure already includes sales in the single-digit million range for the new large heat pump product segment, which is attracting strong interest overall.

The distribution of sales in the 2024 financial year according to preliminary figures is as follows*:

* rounding differences can arise.

2G will publish the preliminary consolidated figures for 2024 on April 1, 2025.

"Despite the comparatively moderate growth in 2024, we have doubled Group sales since 2014," as CEO Christian Grotholt stated. CSO Pablo Hofelich adds: "We started the new year with a record order backlog (approx. EUR 189 million, previous year: EUR 156.2 million), while incoming orders are now also picking up again in Germany."

Consequently, the Management Board is confirming the ambitious sales forecast of EUR 430 to 450 million for the current financial year and the 2026 forecast in the range of EUR 440 to 490 million.

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 365.1 million in the 2023 financial year with an EBIT margin of 7.6%.

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
April 01            Preliminary results for FY 2024, 2025 guidance
April 03            Metzler Small Cap Days, Frankfurt
April 28            Consolidated financial statements for FY 2024
May 12-13       Spring Conference, Frankfurt
May 22            Q1 key figures and business trends
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