MVV Energie AG
MVV Energie AG english
MVV Energie AG Continues on Course towards Greater Growth
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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MVV Energie AG Continues on Course towards Greater Growth
Mannheim, May 13, 2002. In the 1st and 2nd quarters of fiscal year 2001/02
(1/10/2001-31/3/2002), MVV Energie AG once again increased its sales in
comparison to the same period last year. Sales rose by Euro 335 million (+55%)
to Euro 940 million. This healthy growth in sales essentially resulted from
expanding power wholesaling, from successes in the interregional power business
and from initial consolidation of new participations in Solingen, Ingolstadt and
Bydgoszcz, which were included in the results of MVV Energie AG as at 1/1/2002,
as well as Brno as at 1/12/2001. Earnings before interest, taxes, depreciation
and goodwill amortisation (EBITDA) amounted to Euro 160 million for the period
reported here. Earnings before interest, taxes and goodwill amortisation (EBITA)
were Euro 112 million. Earnings before interest and taxes (EBIT) were Euro 107
million while earnings before taxes (EBT) amounted to Euro 88 million. Net
earnings for the period (after taxes after deducting earnings of participations)
totalled Euro 48 million, which corresponded to earnings per share of Euro 0.94
for the first two quarters of 2001/02. A comparison of the indicators for the
same period last year was to a large extent affected by one-off factors in
conjunction with the sale of EnBW AG shares during the 2nd quarter of 2000/01.
This one-off factor had a positive effect on the EBIT for the 2nd quarter of
last year, which amounted to Euro 80 million. For this reason, the following
comparison will first indicate the changes versus earnings adjusted for this
one-off factor and then in brackets versus the unadjusted figures: EBITDA +26%
(-27%), EBITA +33% (-32%), EBIT +31% (-34%), EBT +39% (-39%), net earnings for
the period +68% (-27%). All of the indicators thus show healthy growth when the
figures for last year have been adjusted by the one-off factor. These primarily
stemmed from higher results in district heating, gas and from energy from waste
plants as well as from the new participations. For the whole of fiscal year
2001/02, the forecast remains unchanged for sales of at least Euro 1.5 billion
and an EBIT of Euro 141 million.
Contact:
MVV Energie AG Investor Relations
Tel. +49(0)621-290-3708
E-Mail: ir@mvv.de
Internet: http://www.mvv-investor.de
end of ad-hoc-announcement (c)DGAP 13.05.2002
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WKN: 725590; ISIN: DE0007255903; Index: SDax
Listed: Amtlicher Handel in Frankfurt (SMAX) und Stuttgart; Freiverkehr in
Berlin, Düsseldorf, Hamburg und München
130815 Mai 02
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