MVV Energie AG announced earnings results for the first quarter ended December 31, 2017. For the quarter, the company reported sales excluding energy taxes of EUR 1,125 million as compared to EUR 1,084 a year ago. Adjusted EBITDA of EUR 177 million as compared to EUR 158 million a year ago. Adjusted EBIT of EUR 133 million as compared to EUR 115 million a year ago. Adjusted net income for period of EUR 85 million as compared to EUR 72 million a year ago. Adjusted earnings per share of EUR 1.05 as compared to EUR 0.93 a year ago. Cash flow from operating activities of EUR 37 million as compared to EUR 156 million a year ago. Net financial debt of EUR 1,099 million as compared to EUR 1,077 million a year ago.

Provided earnings guidance for the year 2018. For the year, the company has confirmed its positive outlook for the 2018 financial year as a whole. The company thus expects to achieve slight growth both in sales and in operating earnings. In the previous year, the company generated adjusted EBIT of EUR 224 million. Its sales in the past financial year totaled EUR 4.0 billion.