MVV Energie AG: Stable earnings with higher investments

“Even though the market climate remained difficult, we managed to maintain our level of earnings and consistently press ahead with our course of becoming #climatepositive”, explained Dr. Georg Müller, Chief Executive Officer of the Mannheim-based energy company MVV Energie AG (ISIN: DE000A0H52F5; WKN: A0H52F) upon publication of the company’s results for the first quarter of the 2025 financial year (1 October 2024 – 31 December 2024) this Thursday.

MVV’s adjusted sales stood at around Euro 1.9 billion in the first three months of the 2025 financial year, somewhat lower than the previous year’s high figure (Euro 2.2 billion). The company’s sales performance was influenced above all by the decline in electricity and gas wholesale prices.

Operating earnings (adjusted EBIT) at MVV amounted to Euro 122 million in the period under report and were therefore at around the same level as in the previous year’s quarter (Euro 124 million). Earnings benefited in particular from improved plant availabilities and higher income at grid companies due to regulatory factors.

After the end of the first quarter, MVV can confirm its forecast for the 2025 financial year. From an operating perspective, the energy company continues without amendment to expect that its full-year adjusted EBIT will amount to between Euro 350 million and Euro 400 million.

Investments making the energy system fit for the future

“It will be incumbent on the future Federal Government to do the right thing now and set the required course. The various elements of the energy transition have to be further developed systematically, while avoiding patchwork solutions, in order to place Germany on a targeted course towards climate neutrality while strengthening it as a place to do business. We see an urgent need for action above all in terms of requirements for securing the electricity supply and making it more flexible, for drawing on green heat potential and for CO₂ capturing and negative emissions”, appealed Dr. Müller with a view to the upcoming federal election. “A forward-looking energy policy has to achieve a balance between climate protection and competitiveness and therefore create incentives for transformative investments. For MVV, our #climatepositive course is the principle underpinning our investments, with which we our securing our sustainable value creation and our future growth”, affirmed the company’s CEO.

MVV invested Euro 107 million in the first quarter of the 2025 financial year, equivalent to Euro 32 million more than in the previous year. Key focuses of MVV’s investment activities were on green heat, expanding renewable energies, and strengthening grid infrastructures for the energy transition. MVV has planned for year-on-year growth in its investments in the further course of the 2025 financial year as well.

MVV is also boosting its human resources. In the past financial year, the energy company further expanded its workforce, particularly in its growth areas, to a current total of around 6,700 employees. This way, MVV is showing how the necessary transformation and expansion not only help secure existing positions, but can also provide new and attractive employment prospects.

Mannheim Model consistently implemented

“Our investments are enabling us to uphold a high ongoing pace when it comes to implementing our Mannheim Model, and thus our heat and electricity offerings and our green customer solutions”, explained Dr. Müller.

In this regard, MVV has completed the second stage of the heat transition in Mannheim and the region. In October 2024, the company connected its biomass CHP plant to the district heat grid. This means that, in Mannheim, MVV can now cover around 60 percent of the annual peak load with green heat. For the third expansion stage, MVV has also initiated the tender process for a second, significantly larger river heat pump. By 2030, MVV will convert district heat generation for Mannheim and the region to 100-percent green energy sources. As a central point of contact, MVV has also collaborated with the City of Mannheim and trade firms to found the Heat Transition Academy (“Wärmewende Akademie”). Since the end of January 2025, this has offered services including training for trade firms which covers all aspects of a climate-friendly heat supply.

To accelerate the electricity transition, MVV is not only increasing its wind and solar generation capacities, but also taking over plants and systems from the MVV Group’s project development business. In addition, the energy company has recently started marketing secondary balancing power from onshore wind farms, thus further enhancing the usefulness of renewables for the overall electricity system. MVV Trading, the Group’s trading company, concluded its first contracts for this purpose at the end of 2024. MVV also intends to facilitate the integration of additional balancing power from solar parks in the near future.

Alongside heat and electricity, green customer solutions are a core component of MVV’s Mannheim Model. Here, the energy company is further expanding its portfolio of green products and services across all customer groups.

In recognition of its #climatepositive course, at the end of November 2024 MVV was also awarded the German Sustainability Prize 2025 in the Energy Generation and Trading category. “This accolade for pioneers of the sustainable transformation confirms us in our strategic alignment, which combines sustainability with competitiveness. The prize complements our sustainability certifications and ratings by the Science Based Target initiative, ISS ESG and Ecovadis”, commented Dr. Müller in conclusion.

The complete Quarterly Statement can be found on the internet at mvv.de/investors.