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Abonner MVV Energie AG

MVV Energie AG

euro adhoc: MVV Energie AG
Quarterly or Semiannual Financial Statements
MVV Energie AG Remains on Course towards Greater Growth (E)

Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.
Mannheim, August 15, 2002. In the 1st-3rd quarters of fiscal year
2001/02 (1/10/2001-30/6/2002), MVV Energie AG continued to increase
its sales in comparison to the same period last year. Sales rose by
Euro 448 million (+52%) to Euro 1312 million. This healthy growth in
sales essentially resulted from expanding power wholesaling, 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 and from marketing
successes in the interregional power business. Due to these positive
developments in sales, the sales forecast of MVV Energie AG for
fiscal year 2001/02 has been raised from Euro 1.5 billion to Euro 1.7
billion. For the period reported here, earnings before interest,
taxes, depreciation and goodwill amortisation (EBITDA) amounted to
Euro 207 million, EBIT before goodwill amortisation (EBITA) to Euro
132 million, EBIT to Euro 124 million and earnings before taxes (EBT)
to Euro 93 million. Net earnings for the period (after taxes after
deducting earnings of participations) was Euro 53 million; this
corresponds to earnings per share of Euro 1.04 for the 1st-3rd
quarters of 2001/02. Comparison of these figures with last year is
greatly affected by one-off factors involved in the sale of EnBW
shares in the 2nd quarter 2000/01. These factors had a positive,
one-off impact on EBIT of Euro 34 million for the 1st-3rd quarters of
2000/01. The following comparison will thus initially show the
changes in these figures when adjusted for these factors and when not
adjusted for them (in brackets): EBITDA +28% (-17%), EBITA +36%
(+1%), EBIT +34% (-2%), EBT +39% (-8%), Net earnings for the period
(after taxes after deducting earnings of participations) +107%
(+26%). Healthy growth is thus indicated by all indicators when the
figures for last year have been adjusted for these one-off factors.
This growth mainly resulted from higher earnings in electric power,
district heating and gas as well as from the new participations. MVV
Energie AG has re-confirmed its forecast for an EBIT of Euro 141
million for the whole of fiscal year 2001/02.
Contact:
MVV Energie AG
Investor Relations
Tel. +49(0)621-290-3708
E-Mail:  ir@mvv.de 
Internet: www.mvv-investor.de
end of announcement        euro adhoc 15.08.2002

Further inquiry note:

Bettina von Rebenstock Tel.: +49(0)621-290-3614 e-mail: b.rebenstock@mvv.de

Branche: Energy
ISIN: DE0007255903
WKN: 725590
Index: SDAX, SMAX
Börsen: Bayerische Börse / free trade
Berliner Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / official dealing
Frankfurter Wertpapierbörse / official dealing