MVV Energie AG announced earnings results for the financial year ended 30 September 2017. For the year, sales excluding energy taxes were EUR 4,010 million against EUR 4,066 million a year ago. Adjusted EBITDA was EUR 407 million against EUR 425 million a year ago. Adjusted EBIT was EUR 224 million against EUR 213 million a year ago. Adjusted annual net income was EUR 107 million against EUR 98 million a year ago. Adjusted annual net income after minority interests was EUR 93 million against EUR 95 million a year ago. Adjusted earnings per share were EUR 1.41 against EUR 1.45 a year ago. Cash flow from operating activities was EUR 474 million against EUR 274 million a year ago. Cash flow from operating activities per share was EUR 7.19 against EUR 4.16 a year ago. Net financial debt as at 30 September 2017 was EUR 1,077 million against EUR 1,283 million as at 30 September 2016.

Based on its operations and assuming normal weather conditions, the company expects to generate further slight growth in sales and adjusted EBIT in the current 2018 financial year.