2G Energy (2G) released today its FY18 results, confirming its preliminary FY18 figures released on 11 April 2019. 2G plans to increase its dividend from €0.42 to €0.45 per share.
In FY18, the company reported a 10.8% year-on-year increase in net sales to €209.8m and EBIT at €11.5m, up by 56.2% year-on-year. This translated into an EBIT margin of 5.5% versus 3.9% in the previous year. Consequently, EPS increased from €1.11 to €1.72.
The company has confirmed its FY19 guidance and expects that its sales will reach €210-230m and EBIT margin will be 5.5%-7.0%. According to 2G, the growth should be supported by the company’s strong order intake, development of cogeneration plants and services market as well as consistent implementation of the efficiency and standardization measures with the company.