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Business Summary: 2G Energy AG is a Germany-based company that operates in the energy sector. It designs, produces and installs complete solutions for decentralized power supply. The Company operates combined heat and power (CHP) systems powered by biogas, sewage gas and landfill gas. It offers generators for households, as well as for commercial and industrial customers. 2G Energy, and also provides after sale customer services. The Company operates through a number of subsidiaries including 2G Italia Srl and 2G Home GmbH, 2G Drives GmbH, 2G Polska Sp z oo, 2G Solutions SL, 2G Energy Inc, 2G Rental GmbH, 2G Energy Ltd and 2G Energietechnik GmbH, which is responsible for planning, marketing, producing and installing the Company's systems.
Financial Summary: BRIEF: For the six months ended 30 June 2024, 2G Energy AG revenues decreased 3% to EUR131.2M. Net income increased 3% to EUR2.7M. Revenues reflect CHP segment decrease of 10% to EUR53.2M, Germany segment decrease of 6% to EUR78.3M. Net income reflects Other Operating Expenses - rest decrease of 56% to EUR887K (expense), Foreign Exchange Gain/Loss increase of 93% to EUR784K (income), offset by Wages and salaries increase of 11% to EUR30M (expense).