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Earnings Position of Major German Shareholdings

The municipal utility network of the MVV Energie Group consists of the MVV Energie AG parent company, seven municipal utility companies in Germany and ten district heating providers in Poland and the Czech Republic (please see Overview of Shareholdings). The strengthening of the links between the companies, as well as the generation of further synergies and the exploitation of efficiency potential within the Group, made a major contribution to the growth of our companies during the year under report. Our domestic portfolio of fully and proportionately consolidated municipal utility shareholdings in Kiel, Offenbach, Solingen, Ingolstadt and Köthen increased their sales prior to consolidation from Euro 823 million in the previous year to Euro 897 million (+9%) and their operating earnings (EBIT) contribution from Euro 88 million to Euro 91 million (+3%).

 

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