Germany's 2G Energy Q1 revenue falls on ERP delays
Germany's 2G Energy Q1 revenue falls on ERP delays
Overview
Germany decentralized energy systems maker's Q1 2026 revenue fell 22% yr/yr amid ERP delays
Fiscal 2025 total output rose 12.1%, but EBIT margin contracted due to one-time ERP costs
Company confirms 2026 revenue and EBIT margin forecasts, citing record order intake
Outlook
2G Energy confirms 2026 revenue guidance at EUR 490 mln, EBIT margin 9.5–10.5%
Company continues to forecast 2027 revenue of EUR 570–620 mln, EBIT margin above 11%
Company expects machine shipments to rise 25–30% in 2026
Result Drivers
ERP IMPLEMENTATION - Delayed ERP system rollout led to one-time costs and temporarily slowed revenue growth in services segment
SERVICE REVENUE BACKLOG - Focus on optimizing the new ERP system led to a significant reduction in the backlog of service revenue
MACHINERY INVOICING DELAYS - Final invoicing for machinery lagged prior year due to various minor factors, impacting Q1 revenue
Company press release: ID:nEQ4p3slHa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Sales |
| EUR 54.20 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the heavy electrical equipment peer group is "buy"
Wall Street's median 12-month price target for 2G Energy AG is €76.00, about 14.4% above its June 29 closing price of €66.45
The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 22 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)