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Turnover in the water segment decreased in the financial year 2008/09 by 3 % to 52.9 million m3 in the year under report. The water business is heavily dependent on private and business customers, who account for around 83% of our water turnover. The decline was chiefly the result of lower water turnover in Kiel. The steady reduction in volumes also felt at other water supply companies in Germany is a reflection of more sparing consumption, for example due to increasing use of water-efficient household appliances.
Water sales fell by 1 % to Euro 101 million, mainly on account of lower volumes. Adjusted EBIT nevertheless rose by Euro 4 million to Euro 14 million. Alongside cost savings, this improvement was due above all to lower maintenance costs.
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