MVV Energie (MVV1) Q4 2024 earnings summary

Executive summary

• Adjusted sales for FY 2024 were €7,194 million, down 4% year-over-year; adjusted EBIT fell 52% to €426 million.

• Adjusted annual net income after minority interests declined 55% to €233 million; EPS dropped to €3.53 from €7.78.

• Investments reached €417 million, the highest in recent years, up 21% from FY 2023.

• Cash flow from operating activities improved to €498 million from -€614 million in the prior year.

Financial highlights

• Adjusted EBIT excluding disposal gains was €416 million, down 44% year-over-year.

• Adjusted ROCE was 12.5%, compared to 33.5% in FY 2023.

• Net financial debt decreased to €840 million from €926 million; adjusted equity ratio rose to 42.5%.

• Regular dividend proposed at €1.25 per share, including a €0.30 one-off, with a payout ratio of 35%.

Outlook and guidance

• Operating adjusted EBIT for FY 2025 is forecasted at €350–400 million, depending on market and operational factors.

• Investments in FY 2025 expected to be significantly higher than in FY 2024.