MVV Energie (MVV1) Q1 2025 earnings summary

Executive summary

• Adjusted sales fell 17% year-over-year to €1,871 million, mainly due to lower electricity and gas wholesale prices.

• Adjusted EBIT decreased slightly by 2% to €122 million, with segment shifts: Generation and Infrastructure up, Customer Solutions and New Energies down.

• Dr. Gabriël Clemens appointed as new CEO, effective April 2025, succeeding Dr. Georg Müller.

• MVV received the German Sustainability Prize 2025 for its #climatepositive strategy.

Financial highlights

• Adjusted net income for the period after minority interests was €67 million, up 3% year-over-year.

• Adjusted earnings per share rose 4% to €1.02.

• Net financial debt increased 14% to €1,058 million as of December 31, 2024.

• Cash flow from operating activities improved by €250 million, mainly due to inflows from security deposits (margins).

• Investments rose 43% to €107 million, focused on wind and solar projects.

Outlook and guidance

• Full-year adjusted EBIT guidance confirmed at €350–400 million for FY2025.

• Earnings performance remains sensitive to energy market prices, weather, plant availability, and regulatory changes.