With an annual turnover of Euro 2.3 billion and around 6,400 employees, the MVV Energie Group is Germany's largest publicly listed municipal utility network. Our value-driven approach to company management enables us to increase the earnings power of our shareholdings – and thus the overall value of the Group. Our business model is based on the horizontal networking and integration of multidivisional municipal utility companies. In our solid core business – the supply of electricity, district heating, gas and water – we have a high degree of technical expertise, a superb knowledge of the market and traditionally close links to our customers. Within our core business we develop innovative products and customised solutions. Our high-growth businesses of environmental energy and energy-related services are making growing earnings contributions to the performance of the company. Moreover, we are also active in the nationwide sale of electricity across the whole of Germany. We have enhanced the Group's efficiency and pooled internal services at jointly-owned subsidiaries (shared service companies), thus preparing our group of companies at an early stage for the new challenges presented by regulated competition in the energy markets.