DGAP-News: 2G Energy AG plans stable dividend of EUR 0.45 per share
DGAP-News: 2G Energy AG
/ Key word(s): Dividend/Annual Results
Corporate News Heek, May 8, 2020 2G Energy AG (ISIN DE000A0HL8N9), one of the internationally leading manufacturers of gas driven combined heat and power (CHP) systems, will propose a dividend of EUR 0.45 per share for the 2019 financial year at the Annual General Meeting on June 23, 2020. "Despite the Covid-19 crisis and its effects - the full extent of which cannot be gauged at present - 2G is thereby enabling its shareholders to participate in the company's success and profitability on a continuous and sustainable basis with a stable dividend," as CFO Friedrich Pehle explains the Management and Supervisory boards' joint proposal. "At the same time, we are thereby securing the financial and innovative strength for our further growth." Due to the ongoing spread of the coronavirus (SARS-CoV-2), 2G plans to hold its first ever virtual Shareholders' Annual General Meeting this year. The Management Board has decided to make use of new legislation, as it cannot be assumed with certainty that it will be possible to hold presence general meetings in the foreseeable future without putting at risk the health of shareholders, internal and external employees, as well as members of the company's boards. Strong asset and financial position This high equity ratio, combined with continued comfortable liquidity and credit lines that were significantly expanded in 2019, form a very solid foundation, on which 2G sees itself as well prepared for the coming months. For the current financial year, the Management Board remains cautiously optimistic that the targets it has set for net sales (between EUR 235 million and EUR 250 million) and for the EBIT margin (between 5.5 % and 7.0 %) can be achieved. Annual report 2019 now available for download 2G company portrait 2G benefits from global long-term trends that make efficient and effective energy solutions ever more important. These include rising energy demand accompanied at the same time by the need to conserve natural resources. Moreover, in the energy revolution's future electricity market design, the digitalization that 2G consistently implements 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/electrical energy and usable heat makes CHP technology more efficient and climate-compatible than conventional energy production methods, especially if, for example, hydrogen from regenerative sources is utilized as fuel. 2G power systems offset fluctuating electricity production from wind and solar power plants in line with demand, consequently forming a backbone technology for future supply concepts. 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 650 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 50 countries and generated sales of some EUR 236.0 million in the 2019 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 December 31, 2019, company founders Christian Grotholt and Ludger Gausling held a 52.3 % interest in the company, with the free float amounting to 47.7 %. 2020 calendar dates IR contact
08.05.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | 2G Energy AG |
Benzstr. 3 | |
48619 Heek | |
Germany | |
Phone: | +49 (0)2568-9347-0 |
Fax: | +49 (0)2568-9347-15 |
E-mail: | [email protected] |
Internet: | www.2-g.de |
ISIN: | DE000A0HL8N9 |
WKN: | A0HL8N |
Indices: | Scale 30 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Stuttgart, Tradegate Exchange |
EQS News ID: | 1038901 |
End of News | DGAP News Service |
|
1038901 08.05.2020