MVV Energie AG: MVV Energie AG raises forecast for 2023 financial year after significant 1st half earnings growth

Mannheim (pta020/04.05.2023/11:05 UTC+2)

In the second quarter of its 2023 financial year, MVV Energie upheld the positive momentum already seen in the first quarter and generated operating earnings (excluding disposal gains) of Euro 449 million in the first six months of the 2023 financial year (2022: Euro 207 million). On this basis, and given more stable conditions in the overall economy and energy industry, MVV is raising its full-year forecast for the 2023 financial year. It now expects to generate operating earnings (excluding disposal gains) in a range of between Euro 650 million and Euro 720 million. The growth in key earnings figures is due in particular to an exceptionally strong performance in the energy trading business, and here predominantly from marketing renewable energies.

MVV Energie will publish further details of its business performance and its forecast on 15 May 2023 in its Half-Year Report for the first six months of the 2023 financial year.

Contact:
Philipp Riemen
Head of Department
Finance and Investor Relations
T +49 621 290 16 55
philipp.riemen@mvv.de

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Emitter:	MVV Energie AG Luisenring 49 68159 Mannheim Germany
Contact Person:	Frank Nagel
Phone:	+49 621 290-0
E-Mail:	f.nagel@mvv.de
Website:	www.mvv-energie.de
ISIN(s):	DE000A0H52F5 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt, Stuttgart; Free Market in Berlin, Dusseldorf, Hamburg, Hannover, Munich, Tradegate