The MVV Energie Group has further strengthend its position as one of the top providers of energy-related services in Germany. We were early to invest in efficient energy generation, energy-saving technologies and the increasing use of renewable energies. The German climate protection package and the calls for energy savings and improved energy efficiency offer growth potential which we intend to exploit.

In the financial year 2008/09 sales in the value-added services segment rose by 11 % to Euro 308 million. Adjusted EBIT dropped year-on-year by Euro 2 million to Euro 18 million. Positive sales and earnings contributions came from the expansion in the heating contracting business for the real estate sector, from Industriepark Gersthofen Servicegesellschaft mbH and from the launch of operations at the refuse-derived fuel (RDF) power plant at the Korbach location. However, these were more than offset by reduced earnings contributions at the Offenbach and Kiel shareholdings, whose value-added services businesses are influenced by the shared service companies reported there, namely 24/7 IT-Services GmbH, Kiel, and 24/7 United Billing GmbH, Offenbach.