Inside Information acc. to Article 17 MAR of the Regulation (EU) NO. 596/2014 released by MVV Energie AG on 03.08.2021
Operating earnings growth of 20% - 25% expected in 2021 financial year
MVV Energie AG (ISIN: DE000A0H52F5; WKN: A0H52F) reported operating earnings (adjusted EBIT) of Euro 233 million for the 2020 financial year. In the interim report for the 1st half of the 2021 financial year, we announced that adjusted EBIT for the 2021 financial year would “show significant growth compared with the previous year’s figure”. MVV Energie was able to uphold this positive business performance in the third quarter of the financial year as well, generating operating earnings of Euro 265 million in the first nine months of the 2021 financial year (previous year: Euro 208 million).
On this basis, the company expects full-year operating earnings growth on a scale of 20% - 25% for the 2021 financial year. The Executive Board attributes this growth, which was driven by all operating segments, to the positive development in the investments made in recent years. It sees this as documenting the sustainability of MVV Energie’s business model with its focus on climate neutrality.
MVV Energie will provide further details of its business performance and its outlook in the quarterly statement and press release on the first nine months of the 2021 financial year, which are due to be published on 13 August.
Contact:
Philipp Riemen
Head of Department
Finance and Investor Relations
T +49 621 290 16 55
philipp.riemen@mvv.de
