MVV Energie AG can look back on an eventful fiscal year 2008/2009 (end of the fiscal year: 30.9):
MVV Energie Group
Euro million	2008/09	2007/08	% Change
External sales excluding electricity and natural gas taxes	3 161	2 636	+ 20
Adjusted EBITDA 1	385	398	- 3
Adjusted EBITA 1	239	249	- 4
Adjusted EBIT 2	239	249	- 4
Adjusted EBT 2	165	181	- 9
Adjusted annual net surplus 2	112	123	- 9
Adjusted annual net surplus after minority interests 2	98	110	- 11
Adjusted earnings per share in Euro 2,3	1.48	1.69	- 12
Cash flow before working capital and taxes	386	414	- 7
Cash flow before working capital and taxes per share 3 in Euro	5.86	6.33	- 7
Free cash flow in Euro	20	54	- 63
Adjusted total assets (as of 30.9.) 4	3 566	3 361	+ 6
Adjusted equity (as of 30.9.) 5	1 208	1 192	+ 1
Adjusted equity ratio (as of 30.9.)	33.9 %	35.5 %	- 5
Capital employed 6	2 646	2 444	+ 8
ROCE	9.0 %	10.2 %	- 12
WACC	8,5 %	8,5 %	-
Value spread	0.5 %	1.7 %	- 71
Investments	255	241	+ 6
Number of employees (as of 30.9.)	6 053	5 901	+ 3

1	excluding non-operative IAS 39 valuation items in connection with financial derivatives
2	excluding non-operative IAS 39 valuation items in connection with financial derivatives and excluding one-off charges for write-downs at energy-related services subgroup
3	increase in number of shares (weighted annual average) from 65.3 million to 65.9 million due to capital increase
4	excluding positive and negative fair values under IAS 39
5	excluding net balance of positive and negative fair values under IAS 39
6	adjusted equity plus financial debt plus provisions for pensions and similar obligations plus accumulated goodwill amortisation (calculated as an annual average)