euro adhoc: MVV Energie AG / quarterly or semiannual financial statement / Mild winter negatively impacts earnings at MVV Energie - Annual results for 2006/2007 expected to fall slightly short of 2005/2006 financial year (E)

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14.02.2007

Mild winter negatively impacts earnings at MVV Energie - Annual results for
2006/2007 expected to fall slightly short of 2005/2006 financial year

Mannheim, 14 February 2007. Germany's largest municipal utility group, the
Mannheim-based energy distribution and service company MVV Energie, which is
listed in the SDAX, increased its sales in the 1st quarter of the current
2006/07 financial year (1 October - 31 December 2006) by 6 percent compared
with the previous year to Euro 582 million (previous year: Euro 551 million).
At the same time, its operating earnings (EBIT) of Euro 69 million were 10
percent lower than in the previous year (Euro 77 million). As a result of the
prolonged unusually mild winter, turnover in the district heating and gas
segments, which is dependent on weather conditions, declined by up to 22
percent. The environmental energy and value-added services segments, however,
continued to perform very positively in the 1st quarter of 2006/07.

Given that the unusually mild weather conditions have so far also continued
into the 2nd quarter of 2006/07, the MVV Energie Group expects to see further
downturns in volumes and earnings in the two segments of district heating and
gas thereby affected. On the basis of the information currently available, it
is expected not to be possible to reach the sales and operating earnings
targets for the 2006/07 financial year published in November 2006. Operating
earnings (EBIT) for the current 2006/07 financial year as a whole are expected
to fall slightly short of the results reported for the highly successful
2005/06 financial year. In view of the capital increase to be undertaken before
the end of the first half of the 2007 calendar year, the company has to forgo
the publication of amended sales and earnings targets.

Contact:
MVV Energie AG
Hilko Schomerus, Investor Relations
Tel.:+49 (0)621 290-2567
E-Mail: ir@mvv.de
www.mvv-investor.de

Further inquiry note:
Frank Nagel
Tel.: +49(0)621 290-2692
e-mail. f.nagel@mvv.de

end of announcement euro adhoc 14.02.2007 08:31:05
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emitter: MVV Energie AG
Luisenring 49
D-68159 Mannheim
phone: +49(0)621 290-3708
FAX: +49(0)621 290-3075
mail: ir@mvv.de
WWW: http://www.mvv-investor.de
ISIN: DE000A0H52F5
indexes: SDAX, CDAX, Classic All Share, Prime All Share
stockmarkets: official dealing/prime standard: Frankfurter Wertpapierbörse, free
trade: Börse Berlin-Bremen, Hamburger Wertpapierbörse, Börse
Düsseldorf, official dealing: Baden-Württembergische
Wertpapierbörse
sector: Energy
language: English

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