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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.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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