MVV Energie AG

ots Ad hoc-Service: MVV Energie AG EBIT Rose 12.9% in the First Quarter 99/00

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    Mannheim (ots Ad hoc-Service) -      

    Sales and Earnings Improve Significantly

    MVV Energie AG improved both its sales and earnings in the first quarter of fiscal year 1999/2000. Sales rose by 10.7% to DM 328 million. When adjusted for the environmental tax, the increase was still 8.3%.

    Thanks to MVV's concerted sales efforts and its successful power trading, deliveries of electricity climbed 27% to 750 million- kilowatt hours during the first three months of 99/00.

    Earnings before interest and taxes (EBIT) grew by 12.9% to DM 50.4 million for the same period.

    Earnings before taxes (EBT) rose by 37.5% to DM 41.9 million.

    Net earnings after taxes improved significantly to DM 22.5 million (+ 46.2%).

    A detailed interim report on first-quarter earnings for 1999/2000 will be presented at the first annual shareholders' meeting on February 11, 2000.

    Contact:

    MVV Energie AG     Axel Müller     Investor Relations     Tel. 0049-(0)621-290-3708     Fax 0049-(0)621-290-2697     E-mail: ir@mvv.de     Internet: www.mvv-energie-ag.de

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Original-Content von: MVV Energie AG, übermittelt durch news aktuell

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