- 25.09.2009, 18:17:34
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- OTS0299 OTW0299
EANS-Adhoc: MVV Energie enhances efficiency in energy-related services business
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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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25.09.2009
Mannheim, 25 September 2009. By incurring one-off expenses and posting write-
downs of around Euro 34 million, MVV Energie AG aims to boost the efficiency of
its MVV Energiedienstleistungen GmbH subsidiary for the future. This will lead
to a corresponding charge on earnings in the current 2008/09 financial year
(1 October 2008 - 30 September 2009). As announced by the company on Friday, a
realignment will sustainably improve the earnings performance at the high-
growth energy-related services division. The write-downs at MVV
Energiedienstleistungen GmbH, which are partly due to the economic crisis,
chiefly relate to plant at Industriepark Gersthofen near Augsburg, in Korbach in
Northern Hessen and in Ludwigshafen.
Excluding this one-off item, from an operating perspective MVV Energie confirms
its previous expectation of a slight decline in earnings (EBIT before IAS 39)
for the 2008/2009 financial year as a whole compared with the previous year
(Euro 249 million). Preliminary figures from the consolidated financial
statements for the 2008/09 financial year will be published on 19 November
2009.
Contact:
MVV Energie AG
Marcus Jentsch, Investor Relations
Tel: +49 (0)621 290-2292
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
Ende der Mitteilung euro adhoc
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issuer: 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 sector: Energy ISIN: DE000A0H52F5 indexes: SDAX, CDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Düsseldorf, regulated dealing: Stuttgart
language: English
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