MVV Energie AG

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

The sender is solely responsible for the contents of this announcement. --------------------------------------------------------- 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: Internet: End ----------------------------------------------------- Internet: Original-Content von: MVV Energie AG, übermittelt durch news aktuell

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