Key Figures

MVV Energie Group Euro million	2007/2008	2006/2007	% Change

Sales excludinng electricity and natural gas taxes	2,636	2,259	+17

EBITDA	486	359	+35

EBITDA before IAS 39	398	344	+16

EBITA	337	216	+56

EBITA before IAS 39	249	200	+25

EBIT	337	215	+57

EBIT before IAS 39	249	199	+25

EBT	269	139	+94

EBT before IAS 39	181	123	+47

Annual net surplus	185	126	+47

Annual net surplus after minority interests	170	109	+56

Earnings per share¹ in Euro	2.60	1.96	+33

Cash flow before working capital and taxes	414	364	+14

Cash flow before working capital and taxes per share¹ in Euro	6.35	6.52	-3

Free cash flow²	54	188	-71

Total assets (as of 30. 9.)	3,787	3,278	+16


Equity (as of 30. 9.)	1,270	914	+39

Equity ratio³ (as of 30.9)	33.5%	27.9%	+20


Capital Employed before IAS 39⁴	2,482	2,390	+4

ROCE before IAS 39⁵	10.0%	8.4%	+19

WACC⁶	8.5%	7.5%	+13

Value Spread before IAS 39⁷	1.5%	0.9%	+67


Investments⁸	241	255	-5

Number of employees⁹ (as of 30.9)	5,901	6,394	-8

¹		increase in number of shares (weighted annual average) from 55.8 million to 65.3 million due to capital increase
²		cash flow from operating activities less investments in intangible assets, property, plant and equipment and investment property
³		equity as a proportion of total assets
⁴		equity plus financial debt plus provisions for pensions and similar obligations plus cumulative goodwill amortisation less tax-adjusted IAS 39 item (calculated as an annual average)
⁵		return on capital employed before IAS 39 (EBITA before IAS 39 as a proportion of capital employed before IAS 39)
⁶		weighted average cost of capital
⁷		value spread (ROCE before IAS 39 less WACC)
⁸		investments in intangible assets, property, plant and equipment, investment property, as well as payments for the acquisition of fully and proportionately consolidated companies and other financial assets
⁹		including external personnel at Mannheim energy from waste plant

MVV Energie AG - Annual Report 2007/2008