EQS-News: 2G Energy AG further expands profitability and increases EBIT margin significantly to 8.9 % in 2024 (previous year: 7.6 %)

2G Energy AG further expands profitability and increases EBIT margin significantly to 8.9 % in 2024 (previous year: 7.6 %)

• North and Central America recorded sales revenue growth of 71 % to EUR 34.8 million (previous year: EUR 20.3 million)
• 2G confirms revenue growth forecasts for the current year (EUR 430 to 450 million) and for 2026 (EUR 440 to 490 million)
• Management Board budgets further EBIT improvements and provides first EBIT forecasts for 2025 (8.5-10.5 %) and 2026 (9.0-11.0 %)
• Liquidity temporarily rises sharply to EUR 50.0 million towards the end of 2024 (previous year: EUR 12.6 million)

Heek, April 01, 2025 – 2G Energy AG (ISIN DE000A0HL8N9), one of the world’s leading manufacturers of sustainable power plants and Combined Heat and Power (CHP) plants, as well as a producer of heat pumps further increased its sales revenues to EUR 375.6 million (previous year: EUR 365.1 million) in the past financial year, according to preliminary figures. In this context, 2G significantly expanded its EBIT margin to 8.9 % (previous year: 7.6 %). Significant improvements in earnings were achieved in the cost of materials ratio (59.6 %, previous year: 64.2 %). This reduction by 4.6 percentage points more than compensated the rise in the personnel cost ratio which was up by 2.7 percentage points.

North and Central America recorded sales revenue growth of 71 % to EUR 34.8 million (previous year: EUR 20.3 million)

With the exception of the German domestic market, all regions lifted their turnover in 2024. In North and Central America, in particular, the company succeeded in completing and issuing final invoices for numerous projects. Based on a broadly diversified customer portfolio, revenue in this region grew by 71.0 % to EUR 34.8 million (previous year: EUR 20.3 million).

The following table shows the distribution of net sales in the 2024 financial year*: 

* Rounding differences may occur.

2G confirms revenue growth forecasts for the current year (EUR 430 to 450 million) and for 2026 (EUR 440 to 490 million)

As the high order intake is also continuing in the first quarter of the current financial year according to preliminary figures, the Management Board confirms the revenue forecast already announced for 2025 (EUR 430 to 450 million). This underlines its ambition to maintain growth both in Germany and abroad, as even the lower limit of the forecast would equate to growth of approximately 15 %.

With regards to the coming financial year, the Management Board continues to expect sales revenue of EUR 440 to 490 million. This further growth, however, is predicated on the underlying economic conditions remaining relatively stable, even in the event of a tense or intensified geopolitical situation and an escalating customs dispute.

The Management Board is budgeting a further improvement in EBIT and provides its first forecasts for 2025 (8.5-10.5 %) and 2026 (9.0-11.0 %)

With the significant increase in revenue and the associated high capacity utilization, the Management Board expects to be able to leverage further potential to increase EBIT over the course of the year. Particular attention will be paid to the global IT project, as part of which a new ERP program and other programs to support core processes will be gradually introduced across the Group from the third quarter of 2025.

In terms of the current year, the Management Board considers an EBIT margin of 8.5-10.5 % to be realistic, which represents a moderate increase to the previous upper forecast limit of 10.0 %. A successful, groupwide roll-out from mid-2025 onward will facilitate further efficiency gains along the value chain.  Consequently, the Management Board expects further improvements in results for 2026, which should be reflected in an EBIT margin of 9.0 to 11.0 %.  

Liquidity rises sharply towards the end of 2024 (EUR 50.0 million, previous year: EUR 12.6 million)

In the second half of the past financial year in particular, 2G succeeded in acquiring many orders (cf. CN dated January 23, 2025) and was also able to issue final invoices for some projects with remarkable speed. Both effects together led to a very strong cash inflow with the result that free liquidity, which was already strong, temporarily increased to EUR 50.0 million (previous year: EUR 12.6 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 375.6 million in the 2024 financial year with an EBIT margin of 8.9% according to preliminary figures.

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 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