In the first quarter, sales at 2G Energy decreased from EUR 36.4 million to EUR 32.0 million. EBIT declined from EUR 0.9 million to EUR 0.5 million. The order situation is developing positively. From January to April, new orders increased by 30 percent to EUR 60.4 million. There is even a doubling in April.
It shows that 2G Energy is quite resistant to the current crisis. A sales increase in the current year cannot be excluded.
The company expects sales of EUR 235 million to EUR 250 million in 2020 (2019: EUR 236.4 million). The experts from SMC Research estimate 242.5 million euros (old: 235 million euros). They see the EBIT margin at 6.2 percent (old: 5.5 percent).
According to the figures, the experts are raising their target price for 2G Energy paper from EUR 53.50 to EUR 58.70. There is still a recommendation to buy 2G Energy shares.
At noon, 2G Energy shares gained 0.8 percent to EUR 52.00.