German combined heat and power (CHP) manufacturer 2G Energy AG has once again secured new orders exceeding EUR 400 million in the third quarter, according to a company announcement released via NEWMEDIAWIRE. The surge was driven by a major data center contract for 275 MW of containerized power plants, which alone exceeds the company's total production for fiscal year 2025, as well as a finalized mining sector order and double-digit growth in traditional markets.
The data center business continues to be a massive growth engine. The 275 MW order, first announced on September 23, 2026, came with a substantial down payment in the mid-double-digit millions, part of which was used to secure the supply chain. 2G does not report new orders until contracts are signed and down payments, typically 20% to 30% of order value, are received. The mining sector order was also finalized in July, and the heat pumps business unit is meeting high expectations, with order intake of up to EUR 30 million still expected for full-year 2026.
Against this backdrop, the Management Board has raised its revenue forecast for 2027 to EUR 600 to 650 million, up from the previous range of EUR 570 to 620 million. For the first time, the company also issued guidance for 2028, estimating revenue between EUR 750 and 850 million. With revenue of EUR 490 million still expected for the current year, the 2027 forecast implies year-over-year growth of 22.5% to 33%. The EBIT margin is projected to exceed 11% starting in 2027. The new assembly hall at the Heek site, scheduled to begin operations at the end of 2027, alongside a gradual workforce expansion, supports the upper end of these forecasts.
The strong order intake contrasts with a softer first half of 2026. Total output reached EUR 184.0 million, down 4.7% from EUR 193.0 million in the prior-year period, largely because the start of 2025 included an unusually high number of short-notice orders for Ukraine. Revenue from new plants fell 36.4% to EUR 52.7 million, while service revenue declined only 4.3% to EUR 83.5 million. The cost of materials ratio improved to 58.3% from 63.2%, thanks to a higher share of service revenue. Personnel expenses rose 17.3% to EUR 49.1 million, reflecting consolidation effects and workforce expansion ahead of expected growth. EBIT for the first half was EUR 0.8 million, down from EUR 5.7 million, but liquidity increased significantly to EUR 29.3 million as of June 30, 2026, from EUR 0.1 million at the end of 2025.
The company remains confident in achieving its full-year 2026 forecast at the upper end of the range, with revenue between EUR 440 and 490 million and an EBIT margin of 9.5% to 10.5%. Work on the first large-scale data center order is proceeding as planned, with delivery starting in the fourth quarter and revenue recognized progressively as each power plant arrives in the United States. Revenue from the German biomass package is also gaining momentum.
2G Energy, listed on the Frankfurt Stock Exchange's Scale segment, employs more than 1,000 people and generated net sales of EUR 398.4 million in 2025. The company's shares trade under ISIN DE000A0HL8N9. More information is available at www.2-g.com.
