Our declared objective is to achieve sustainable increases in MVV Energie AG’s shareholder value. To achieve this objective, we have been continually observing and assessing German and international markets and have been taking action in this turbulent climate in accordance with our corporate strategies.

We expect future energy markets to be determined by a decentralised structure for supplying energy service. They will be efficiently networked and will be based to a large extent on renewable energy resources. We are now engaged in helping to shape these markets: We are offering our customers intelligent, energy-efficient solutions for suppyling energy service on a local basis.

We are convinced that our estimates of the liberalisation process on German and European energy markets as well as the growth strategies that have been developed from these estimates have been pointing MVV Energie AG in the right direction. Our corporate strategies for liberalised energy markets were and are a logical consequence of our market position as an innovative energy distribution utility and valueadded services provider. The success that we have achieved with our five stepping stones to growth — and not only since going public four years ago — have confirmed our strategies.