2G Energy : pays out EUR 0.42 per share dividend

- Shareholders approve all agenda items

- Continued strong new order intake underpins 2018 guidance

- CHP system for Quirinus subsidy project successfully commissioned

Heek, July 4, 2018 - At today's Ordinary General Meeting of Shareholders in Ahaus, the shareholders of 2G Energy AG (ISIN DE000A0HL8N9), one of the internationally leading manufacturers of gas driven combined heat and power (CHP) systems, approved the distribution of a dividend of EUR 0.42 per share for the 2017 financial year by a large majority. In the previous year, the dividend was raised from EUR 0.37 to EUR 0.40. 2G paid a dividend for the first time for the 2011 financial year.

Furthermore, the approximately 160 shareholders present approved the other agenda items such as the discharge of the Management and Supervisory boards as well as the election of the auditor for the financial statements for the 2018 financial year. The Management Board presentation about the financial year elapsed as well as the explanation of 2G Energy's growth strategy were also received positively. "We aim to sustainably improve our margin position with the efficiency measures we introduced in 2017 and the dynamic expansion of our service business," was how Christian Grotholt, CEO of 2G Energy AG, expressed his confidence. "At the same time, we are on a clear growth track - which is reflected in high demand for our innovative combined heat and power systems. Long-term, we continue to assume that we can tap 10 % of the world market for CHP systems which is relevant today, which would represent sales revenue of EUR 300 million," added CFO Friedrich Pehle.

New order intake in the first half of 2018 amounted to a total of EUR 96.3 million (previous year: EUR 65.4 million). The significant growth of nearly 50 % derives primarily from Germany, where new orders rose from Euro 35.6 million to Euro 63.3 million. Order intake abroad also rose by 11% to EUR 32.9 million. Accordingly, the planning for the full 2018 year, which envisages sales in a range between EUR 180 million and EUR 210 million and an EBIT margin within a range between 3.5 and 5.5 %, is already well secured. In the 2017 financial year, the 2G Group generated revenue of EUR 189.4 million and EBIT of EUR 7.3 million.

CHP system for Quirinus subsidy project successfully commissioned
As part of the "QUIRINUS" group project with ten partners from industry, research and grid operations, which the European Union and the Land of North-Rhine Westphalia are promoting, 2G has conducted its first successful field tests with a CHP system. The background to this project, which is subsidized to the tune of EUR 6.0 million, is the aim to avoid critical conditions in the power grid through real-time-based management of thousands of decentral power generation plants, power storage facilities and flexibly controllable power consumption systems and thus make a significant contribution to supply security. This entails a grid control center regulating more than 15,000 decentralized and predominately regenerative production systems, depending on the current generation, consumption and grid situation. The test region is situated in the Rhineland region bounded by the triangle of Düsseldorf, Cologne and Aachen, comprising approximately 1.4 million inhabitants within an area of around 450 m².

In this project, 2G is contributing its wealth of experience in the area of dedicated network solutions, system services and the integration of small-scale CHP systems to form virtual power plants. The CHP system from its avus series with electric output of 550 kW which 2G is making available for the pilot project provides electric output in line with demand and which cannot be provided by volatile generators, thereby making a significant contribution to grid stability. Moreover, 2G CHPs are able to develop a dedicated network in the case of grid outage. For this reason, part of this project entails provoking a blackout in a grid section, with an attempt made to partly maintain electricity supplies by means of a small-scale CHP system, in order to prove that a 2G system can actively support grid restoration.

2G company portrait
2G Energy AG is an internationally leading full-service provider of combined heat and power systems (CHP) with electric output between 20 kW and 2,000 kW, which are harnessed for the decentralised generation and supply of electricity and heating. 2G is consistently expanding its technology leadership through continuous research and development work, both in gas engine technology for natural gas, biogas and synthetic gas applications (e.g. hydrogen), as well as in specific software development. In particular, this product range, which is based on thousands of systems realised, significantly differentiates 2G from its competitors.

2G benefits from global long-term trends that make efficient and effective energy solutions ever more important. These trends include not only rising energy demand but also the need to conserve natural resources. Moreover, in the energy revolution's future electricity market design, the digitalisation consistently implemented by 2G forms an indispensable system-relevant element in combination with solar, wind, biogas and natural gas producers, and creates a high barrier to market entry for competitors.

The cogeneration of mechanical energy and heating/cooling make CHP technology more efficient and more environmentally-compatible than conventional energy production methods. Compared with conventional electricity generation, CHP technology saves up to 40 percent of primary energy, and emits up to 60 percent less carbon dioxide and nitrogen oxide. 2G customers thereby benefit consistently from economically and ecologically highly beneficial innovations that rapidly pay for themselves and create extensive added values.

2G employs around 600 staff at its headquarters in Heek, Germany, in St. Augustine, USA, as well as at five other European locations. The company is active in a total of 31 countries and generated net sales of EUR 189.4 million in the 2017 financial year. 2G was founded in 1995 and has been listed on the stock market since 2007. The shares of 2G Energy (ISIN DE000A0HL8N9) are listed in the "Scale" segment of the Frankfurt Stock Exchange. The share capital amounts to EUR 4,430,000, and is divided into 4,430,000 shares. As of April 2018, company founders Christian Grotholt and Ludger Gausling held a 53.3 % interest in the company, with the free float amounting to 46.7 %.

2018 calendar dates
September 27, 2018      Consolidated half-year financial statements as of June 30, 2018
November 26, 2018       Q3 key figures and business trends
November 26-27, 2018  Germany Equity Capital Forum 2018
December 4-5, 2018      Midcap Event, Geneva

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