2G Energy AG said first-quarter 2026 revenue fell 22% compared with the same period a year earlier, with total sales of EUR 54.20 million. The company attributed the decline primarily to disruptions linked to the rollout of a new enterprise resource planning (ERP) system, which generated one-time expenses and slowed the pace of revenue recognition in its services business.
Management said it spent the quarter concentrating on stabilizing and optimising the new ERP platform. That work produced one-off costs and led to a temporary reduction in the backlog of service revenue, according to the company. In addition, final invoicing for machinery lagged the prior year because of a number of minor factors, further weighing on the quarter's top-line performance.
For fiscal 2025, 2G Energy reported that total output rose by 12.1%. However, the company noted that its EBIT margin narrowed as a result of the ERP-related one-time charges.
Despite the first-quarter setback, the company left intact its financial targets for 2026. It confirmed a revenue target of EUR 490 million and an expected EBIT margin range of 9.5% to 10.5%. 2G cited a record level of order intake as a supporting factor for maintaining that outlook.
Looking specifically at production and deliveries, the manufacturer expects machine shipments to climb by 25% to 30% in 2026. Beyond 2026, 2G Energy also maintained its guidance for 2027, forecasting revenue between EUR 570 million and EUR 620 million along with an EBIT margin above 11%.
The company's commentary emphasized that the ERP implementation resulted in temporary operational effects and one-time costs that influenced reported margins and the timing of revenue recognition in the quarter. It did not revise its medium-term commercial targets in light of these issues, pointing instead to stronger order flow and anticipated increases in machine shipments as the basis for its unchanged guidance.
Summary
2G Energy reported a EUR 54.20 million top line for Q1 2026, down 22% year-over-year after ERP rollout delays and related one-time costs that slowed services revenue and delayed final machinery invoicing. The firm kept its full-year 2026 revenue and margin guidance and reiterated its 2027 revenue and margin outlook, citing record orders and expected growth in machine shipments.
Key points
- Q1 2026 revenue: EUR 54.20 million, down 22% year-over-year due to ERP-related delays and one-time costs.
- 2026 guidance reaffirmed: EUR 490 million revenue target with an EBIT margin of 9.5% to 10.5%; machine shipments expected to rise 25% to 30%.
- 2027 outlook maintained: revenue forecast EUR 570 million to EUR 620 million with an EBIT margin above 11%; record order intake cited as support.
Risks and uncertainties
- ERP implementation outcomes - Continued issues or additional one-time costs related to the ERP rollout could further affect margins and revenue timing, impacting the industrial and business services segments.
- Revenue recognition timing - Delays in final invoicing for machinery and related minor factors may continue to shift revenue between reporting periods, affecting industrial manufacturing cash flow visibility.
- Dependence on order intake - The company’s ability to meet its guidance relies in part on converting record orders into shipments and invoices, which ties into manufacturing and supply chain execution risks.