MVV Energie
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MVV Energie (MVV1) investor relations material

MVV Energie Q1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q1 2026 earnings summary12 Feb, 2026

Executive summary

  • Adjusted sales for Q1 FY 2026 were €1,683 million, down 10% year-over-year, mainly due to lower wholesale prices and reduced gas volumes.

  • Adjusted EBIT fell 34% to €80 million, with declines across Customer Solutions, New Energies, and Generation & Infrastructure segments.

  • Net income for the period after minority interests dropped 51% to €33 million, while adjusted net income was €48 million, down 41% year-over-year.

  • Major investments include €206 million in sustainable transformation, such as the world's largest river heat pump in Mannheim and a new UK energy-from-waste plant.

  • The full-year forecast for adjusted EBIT remains unchanged at €200–240 million.

Financial highlights

  • Adjusted EBITDA decreased 23% to €134 million year-over-year.

  • Adjusted earnings per share halved to €0.51.

  • Net financial debt increased 38% to €1,571 million, driven by high investment activity.

  • Cash flow from operating activities was negative at -€187 million, a significant deterioration from the prior year.

  • Investments nearly doubled to €206 million.

Outlook and guidance

  • Adjusted EBIT for FY 2026 is forecasted between €200 million and €240 million, in line with previous guidance.

  • Earnings performance remains sensitive to regulatory, market, and macroeconomic factors, as well as plant availability and commodity prices.

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Q2 202612 May, 2026
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Frequently asked questions

MVV Energie AG is a Germany-based energy company focusing on sustainable and innovative energy solutions. The company operates across several business segments, including renewable energy generation, energy trading, distribution, and supply. MVV provides electricity, heat, and gas services, along with energy efficiency and waste-to-energy solutions for residential, commercial, and industrial customers. The company is headquartered in Mannheim, Germany, and its shares are listed on the Frankfurt Stock Exchange.

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