MVV Energie AG

DB:MVV1

Germany / Utilities / Multi-Utilities

Overview

Dividends

10Y Historical Financials

Stock Price

30.20 EUR


Key Metrics	Latest
Total Revenue	6.199 B
Adjusted EBITDA	591.9 M
EBITDA Margin	9.5%
Net Profit Margin	4.4%
Total Assets	7.35 B
Total Debt	1.819 B

10Y Historical Financial Statements

Summary Financials


Summary Financials

	Fiscal Year Ending										Latest
(in millions)	Sep-15	Sep-16	Sep-17	Sep-18	Sep-19	Sep-20	Sep-21	Sep-22	Sep-23	Sep-24	12 Months

Revenue	3,439	4,085	4,029	3,951	3,760	3,454	4,257	5,992	6,703	6,371	6,199
% Growth		18.8%	-1.4%	-1.9%	-4.8%	-8.1%	23.2%	40.8%	11.9%	-5.0%

Adjusted EBITDA	291	369	411	439	325	370	676	187	1,152	558	592
% Margin	8.5%	9.0%	10.2%	11.1%	8.6%	10.7%	15.9%	3.1%	17.2%	8.8%	9.5%

Adjusted EBIT	131	190	231	258	141	183	490	(6)	962	373	405
% Margin	3.8%	4.6%	5.7%	6.5%	3.8%	5.3%	11.5%	-0.1%	14.4%	5.8%	6.5%

Adjusted Net Income	84	140	130	136	79	112	344	(1)	696	252	271
% Margin	2.5%	3.4%	3.2%	3.4%	2.1%	3.2%	8.1%	0.0%	10.4%	4.0%	4.4%

Adjusted Basic EPS	1.28	2.12	1.97	2.06	1.20	1.69	5.21	(0.02)	10.56	3.83	4.10

Supporting Calculations

Income Statement

Balance Sheet

Statement of Cashflows


Income Statement
											Original
EUR	Fiscal Year Ending										Latest
(in millions)	Sep-15	Sep-16	Sep-17	Sep-18	Sep-19	Sep-20	Sep-21	Sep-22	Sep-23	Sep-24	Dec-24
	FY - 9	FY - 8	FY - 7	FY - 6	FY - 5	FY - 4	FY - 3	FY - 2	FY - 1	FY	LTM

Revenue	3,439	4,085	4,029	3,951	3,760	3,454	4,257	5,992	6,703	6,371	6,199
% Growth	NA	18.8%	-1.4%	-1.9%	-4.8%	-8.1%	23.2%	40.8%	11.9%	-5.0%

Cost of Revenue	(2,684)	(3,233)	(3,094)	(3,073)	(2,848)	(2,501)	(3,292)	(5,244)	(5,478)	(5,106)	(4,946)
Gross Profit	756	852	935	878	912	953	965	748	1,226	1,265	1,253
% Revenue	22.0%	20.9%	23.2%	22.2%	24.3%	27.6%	22.7%	12.5%	18.3%	19.9%	20.2%

Research and Development	(1)	(1)	(0)	(1)	(1)	(1)	(1)	(1)	(0)	(0)	(0)
Selling and Marketing	0	0	0	0	0	0	0	0	0	0	0
General and Admin	(374)	(426)	(440)	(446)	(451)	(470)	(504)	(511)	(548)	(585)	(599)
Other Inc / (Exp)	(226)	(213)	(242)	(179)	(305)	(283)	70	(199)	371	(304)	(247)
Total Operating Exp	(601)	(639)	(682)	(626)	(756)	(754)	(434)	(711)	(177)	(889)	(846)

Operating Income	154	213	252	252	156	200	531	37	1,049	376	408
% Revenue	4.5%	5.2%	6.3%	6.4%	4.1%	5.8%	12.5%	0.6%	15.6%	5.9%	6.6%

Interest Expense	(33)	(60)	(47)	(42)	(43)	(39)	(41)	(38)	(27)	(18)	(19)
Pre-tax Income	121	153	206	210	112	161	489	(1)	1,022	358	388
Earnings of Discontinued Ops.	0	0	0	0	0	0	0	0	0	0	0
Provision for Taxes	(36)	(44)	(73)	(77)	(36)	(47)	(144)	11	(269)	(108)	(120)
Net Income to Company	85	109	132	133	76	114	345	11	753	250	269
% Margin	2.5%	2.7%	3.3%	3.4%	2.0%	3.3%	8.1%	0.2%	11.2%	3.9%	4.3%

Minority Interest in Earnings	(13)	(2)	(11)	(3)	(30)	(20)	(146)	(303)	292	(67)	(109)
Net Income to Stockholders	72	106	121	130	46	94	199	(292)	1,045	183	159

Preferred Dividends	0	0	0	0	0	0	0	0	0	0	0
Other Adj.	0	0	0	0	0	0	0	0	0	0	0

Net Income to Common	72	106	121	130	46	94	199	(292)	1,045	183	159
% Margin	2.1%	2.6%	3.0%	3.3%	1.2%	2.7%	4.7%	-4.9%	15.6%	2.9%	2.6%

As Reported
Basic EPS (Continuing Ops)	1.09	1.62	1.84	1.97	0.70	1.42	3.02	(4.43)	15.86	2.78	2.42
Diluted EPS (Continuing Ops)	1.09	1.62	1.84	1.97	0.70	1.42	3.02	(4.43)	15.86	2.78	2.42

WA Basic Shares Out.	65.91	65.91	65.91	65.91	65.91	65.91	65.91	65.91	65.91	65.91	66.22
WA Diluted Shares Out.	65.91	65.91	65.91	65.91	65.91	65.91	65.91	65.91	65.91	65.91	66.22

EBITDA, EBIT Reconciliation
EBT, Incl. Unusual Items	121	153	206	210	112	161	489	(1)	1,022	358	388
Addback: Net Interest Expense	33	60	47	42	43	39	41	38	27	18	19
Addback: Other Non Operating Expenses, Total	(23)	(65)	(18)	2	(18)	(13)	(38)	(27)	(9)	(7)	(6)
Addback: Depreciation & Amortization	160	180	180	181	183	188	186	193	190	185	187
Addback: Restructuring Charges	0	7	0	(1)	0	0	0	0	0	0	0
Addback: Merger / Acquisition Expenses	0	0	0	0	0	0	0	0	0	0	0
Addback: Goodwill Impairment	0	0	0	34	0	8	0	0	0	3	3
Addback: Gain (Loss) On Sale Of Invest.	0	0	0	0	2	0	2	(16)	(78)	0	0
Addback: Gain (Loss) On Sale Of Assets	(2)	2	1	(29)	3	(6)	(4)	(1)	0	0	0
Addback: Asset Writedown	1	33	(5)	0	(1)	(6)	0	1	0	0	0
Addback: In Process R&D Expenses	0	0	0	0	0	0	0	0	0	0	0
Addback: Insurance Settlements	0	0	0	0	0	0	0	0	0	0	0
Addback: Legal Settlements	0	0	0	0	0	0	0	0	0	0	0
Addback: Other Unusual Items	0	0	0	0	0	0	0	0	0	0	0
Adjusted EBITDA	291	369	411	439	325	370	676	187	1,152	558	592
% Margin	8.5%	9.0%	10.2%	11.1%	8.6%	10.7%	15.9%	3.1%	17.2%	8.8%	9.5%

Adjusted EBIT	131	190	231	258	141	183	490	(6)	962	373	405
% Margin	3.8%	4.6%	5.7%	6.5%	3.8%	5.3%	11.5%	-0.1%	14.4%	5.8%	6.5%

Adjusted Net Income Reconciliation
Net Income to Company	85	109	132	133	76	114	345	11	753	250	269
Addback: Unusual Items	(1)	42	(4)	4	3	(4)	(2)	(16)	(78)	4	4
Less: Tax Benefit of Unusual Items (26%)	0	(11)	1	(1)	(1)	1	0	4	20	(1)	(1)
Adjusted Net Income	84	140	130	136	79	112	344	(1)	696	252	271
% Margin	2.5%	3.4%	3.2%	3.4%	2.1%	3.2%	8.1%	0.0%	10.4%	4.0%	4.4%

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MVV Energie AG

DB:MVV1

Germany / Utilities / Multi-Utilities

10Y Historical Financials