2G Energy reports an increase in total output from EUR 50.3 million to EUR 52.3 million in the first quarter of 2020, while sales fell from EUR 36.4 million to EUR 32 million. The company puts earnings before interest and taxes at 0.5 million euros lower than in the same period of the previous year at 0.9 million euros. So far, “the Covid 19 crisis has come through well. With the exception of individual cases, production was largely trouble-free throughout Q1 and beyond, ”said 2G Energy a Thursday on the seasonally weak first quarter of the year.
For the full year 2020, the company expects sales of between 235 million euros and 250 million euros. Before interest and taxes, you want to generate a profit margin between 5.5 percent and 7.0 percent. 2G Energy closed the year 2019 with sales of EUR 236.4 million and an operating profit margin of 6.5 percent.
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