Positive share performance maintained
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| Key Figures per Share |
2005/2006 |
2004/2005 adjusted1 |
2004/2005 |
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| Earnings pursuant to IAS 33 (Euro) | 0.91 | 0.55 | 0.67 | ||
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| Price/earnings ratio (IAS 33) | 25.5 | 35.1 | 28.8 | ||
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| Dividend (Euro) | 0.802 | 0.75 | 0.75 | ||
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| Dividend yield3 (%) | 3.42 | 3.9 | 3.9 | ||
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| Equity4 (Euro) | 13.29 | 12.46 | 12.28 | ||
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| 1 previous year's figures adjusted due to initial recognition of put option at Stadtwerke Kiel AG |
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| 2 pending approval by the Annual General Meeting on 9 March 2007 | |||||
| 3 based on closing price in XETRA trading on 30 September | |||||
| 4 excluding minority interests | |||||
The share of MVV Energie AG performed positively in the past financial year in spite of an occasionally difficult market climate, thus maintaining the upward trend seen since summer 2004. The closing price rose from
Euro 19.29 as of 30 September 2005 to Euro 23.23 as of 30 September 2006, equivalent to an increase of 20%. Accounting for the dividend payment of Euro 0.75 per share, the performance of the share even amounted to 25%. Our comparative indices, the SDAX and Prime Utilities, rose by 15% and 33% respectively over the same period. One reason for the relative weakness in the performance of our share price compared with the Prime Utilities Index could be the capital increase, which by its nature had a temporary negative impact on our share price. The share price fell to Euro 17.50 directly following the capital increase on 15 November 2005. The raising of our sales and earnings forecast, however, led to a steep upward trend which began in January 2006 already. Accompanied by rising trading volumes, our share price reached an interim high of Euro 23.00 in XETRA trading shortly before the Annual General Meeting in March 2006. The payment of the dividend led to the usual slight dip in the share price, which nevertheless began to rise significantly once again in April 2006 already. In the course of the sharp correction seen across the stock markets, our share price also fell, albeit with a low level of trading volumes, but recovered once again from June 2006, receiving further support from the positive figures for the first nine months of 2005/06. Overall, we see the increase in the share price as reflecting the positive performance of the company. During the 2005/06 financial year, the highest closing price was recorded at
Euro 24.50 on 11 May 2006 and the lowest closing price at Euro 17.46 on 13 December 2005.
| © MVV Energie AG, Mannheim |