MVV Energie AG

ots Ad hoc-Service: MVV Energie AG MVV Continues Its Growth Thanks to Its Flexible Multi-Utility Structure
EBIT Grew 6.5 % in the First 2 Quarters of 99/00

The sender is solely responsible for the contents of this announcement. ----------------------------------------------------- Mannheim (ots Ad hoc-Service) - MVV Energie AG MVV Energie AG continued to steer its course towards greater growth during the first two quarters of fiscal year 1999/2000, thereby strengthening its competitive position even more. Thanks to its flexible multi-utility structure, it has thus succeeded in improving both sales and earnings in the first two quarters of fiscal year 1999/2000. Sales rose 14.5 % to DM 686.6 million. Adjusted for the electricity and natural gas taxes, sales increased by 8.6 % to a total of DM 622.3 million. Earnings before interest and taxes (EBIT) rose 6.5 % to DM 139 million. Compared to the same period last year, net earnings after taxes went up 60.5 % to DM 68.2 million. MVV's electric power division had significant growth in both volume and sales. Deliveries of electricity grew by 40.8 % to 1.68 billion kWh due to MVV's expanding power-trading business and increases in the volume supplied to bulk-rate customers outside of Mannheim. Sales in electric power rose 13 % to DM 213.9 million. Kontakt: Der Bericht zum 1. Halbjahr 1999/2000 kann über Investor Relations abgerufen werden. The financial report for the first two quarters of fiscal year 1999/2000 can be accessed via Investor Relations. MVV Energie AG Axel Müller Investor Relations Tel. +49(0)621-290-3708 Fax +49(0)621-290-3075 E-Mail: ir@mvv.de Internet: www.mvv-investor.de End ----------------------------------------------------- Internet: http://recherche.newsaktuell.de Original-Content von: MVV Energie AG, übermittelt durch news aktuell

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