German combined heat and power (CHP) manufacturer 2G Energy AG has again secured new orders exceeding EUR 400 million in the third quarter, according to a company announcement. The order intake was fueled by a major data center contract and broad-based gains across nearly all segments and regions. The strong performance led the Management Board to raise its revenue forecast for 2027 to EUR 600 to 650 million, up from the previous guidance of EUR 570 to 620 million, and to issue a first-time revenue forecast for 2028 of EUR 750 to 850 million.
The data center business continues to be the primary growth engine. During the third quarter, 2G finalized a major order from a data center customer for the delivery of containerized power plants totaling 275 MW—a volume that exceeds the company’s total production for fiscal year 2025. As is customary for large-scale orders, 2G does not report new orders until the contract is signed and a down payment, typically 20% to 30% of the order value, has been received. In this case, the customer made a substantial down payment in the mid-double-digit millions, part of which was used to secure the supply chain. Additionally, a previously announced major order from the mining sector was finalized in July. Traditional markets and segments also showed encouraging developments, with double-digit growth rates in some cases, including the heat pumps business unit, which expects order intake of up to EUR 30 million for the full year 2026.
“The exceptionally positive trend in new orders is highly likely to continue in the upcoming quarters,” the company stated. The rapid ramp-up of production for existing data center orders has also started positively. Against this backdrop, the raised 2027 guidance implies year-over-year growth of 22.5% to 33% from the EUR 490 million revenue still expected for the current year. For 2028, the Management Board forecasts above-average growth, potentially adding at least EUR 100 million annually, with the upper end of the range supported by a new assembly hall at the Heek site set to begin operations at the end of 2027 and an ongoing workforce expansion.
For the first half of 2026, 2G reported total output of EUR 184.0 million, down 4.7% from EUR 193.0 million in the prior-year period, which had been unusually strong due to short-notice orders for Ukraine. EBIT margin fell to 0.6% from 3.3%. However, service revenue normalized and reached EUR 83.5 million, only 4.3% below the previous year, with the second quarter already exceeding the prior-year figure. Liquidity improved significantly to EUR 29.3 million as of June 30, 2026, from EUR 0.1 million at the end of 2025. The forecast for the current year remains unchanged at the upper end of the range, with revenue of EUR 490 million and an EBIT margin of 9.5% to 10.5%.
2G Energy AG, 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 the 2025 financial year. The company’s shares trade under ISIN DE000A0HL8N9. Further details are available at www.newmediawire.com, and the company’s website can be found at www.2-g.com.
