2G Energy AG Improves Cost of Materials Ratio and Increases EBIT in Q1

2G Energy AG has made significant strides in the first quarter, notably improving its cost of materials ratio to 64.5%, down from 69.0% the previous year. This improvement has positively impacted the company's earnings before interest and taxes (EBIT), which saw a considerable increase to EUR 0.9 million, compared to a negative EBIT of EUR -0.2 million last year.

Sales revenues for the first quarter remained strong at EUR 69.5 million, a slight increase from EUR 68.5 million over the same period last year. The company attributes this steady revenue and improved profitability to normalized procurement costs and moderate adjustments in list prices over the past 18 months.

The Management Board has confirmed its optimistic outlook for the current year, projecting sales revenues between EUR 360 and 390 million, with an EBIT margin ranging from 8.5% to 10.0%. The forecast for the coming year shows even higher expectations, with projected sales revenues between EUR 390 and 450 million.