MVV Energie AG announced earnings results for the first half ended March 31, 2018. For the half year, the company reported sales excluding energy taxes of EUR 2,136 million as compared to EUR 2,165 million for the same period last year. Adjusted EBITDA was EUR 335 million as compared to EUR 300 million for the same period last year. Adjusted EBIT was EUR 223 million as compared to EUR 212 million for the same period last year. Adjusted net income for period was EUR 140 million as compared to EUR 131 million for the same period last year. Adjusted net income for period after minority interests was EUR 119 million as compared to EUR 113 million for the same period last year. Adjusted earnings per share was EUR 1.81 compared to EUR 1.71 a year ago. Cash flow from operating activities was EUR 58 million as compared to EUR 217 million for the same period last year. Cash flow from operating activities per share was EUR 0.88 as compared to EUR 3.29 for the same period last year. Net financial debt as on March 31, 2018 was EUR 1,214 million as compared to EUR 1,077 million as at March 31, 2017.

For the year 2018, the company affirmed adjusted EBIT will slightly exceed the previous year's figure (EUR 224 million). Given its business performance to date, with a reduction in energy trading volumes, the company expected its full-year sales to amount to around EUR 4 billion in 2018 and thus to roughly match the previous year's level. The company expected to invest around EUR 300 million in growth and in modernising and maintaining its proprietary plants and grids.