MVV presents half-year results

“Geopolitical conflicts, volatile energy markets, and an overall deterioration in the macroeconomic situation – these are the factors currently determining conditions for the energy industry”, commented Dr. Gabriël Clemens, Chief Executive Officer of MVV Energie AG (ISIN: DE000A0H52F5; WKN: A0H52F) upon publication of the half-year results for the 2026 financial year (1 October 2025 – 31 March 2026).

The Mannheim-based energy company can report adjusted sales of Euro 3.1 billion for the first six months of its 2026 financial year (previous year: Euro 3.5 billion). The year-on-year reduction was chiefly due to lower wholesale prices for gas and electricity.

As already expected by the energy company, its operating earnings (adjusted EBIT) of Euro 188 million also fell significantly short of the previous year’s figure (Euro 273 million). Earnings were negatively affected in particular by lower plant availability in the Environmental Energy business and lower earnings in the Generation, Retail and Commodity Services business fields. Earnings growth came from wind turbines and cooler weather conditions. 

From an operating perspective, MVV continues to expect the Group’s adjusted EBIT for the 2026 financial year to amount to between Euro 200 million and Euro 240 million and can therefore confirm its full-year forecast. 

Reliable conditions needed for investments

“The tensions we are currently witnessing on energy markets show how important it is to make the energy system fit for the future – for our industry, for companies and for the overall population”, added Clemens. “We cannot afford any further uncertainties or delays in energy policy in Germany, particularly with regard to the future of heating. If the transformation is to succeed, businesses and people require orientation and reliability. That is the only way we can uphold the necessary level of ambition.”

MVV itself is pressing consistently ahead with its transformation of the energy system and has again significantly stepped up its investments. Overall, the energy company expended Euro 358 million in the first half of the year, Euro 156 million more than in the previous year’s period and one of the highest volumes of investment in the company’s history. 

In its international business, investments focused on the resource-efficient circular economy with the start of construction work on a new energy from waste plant in Wisbech, UK. In Germany, MVV continued to invest above all in climate-friendly heat and electricity generation and in expanding, maintaining and modernising its distribution grids.

In making its district heat fully green, in Mannheim MVV is drawing in particular on regional energy sources. These include using the thermal energy available in the Rhine by building additional river heat pumps and accessing geothermal energy. Here, GeoHardt GmbH, a joint venture between MVV and EnBW, has already announced its first locations for geothermal heat plants in Mannheim-Rheinau and in Schwetzingen. Overall, the company is planning up to three geothermal heat plants in the region. At its other major locations in Kiel and Offenbach, the MVV Group is also gradually converting to climate-friendly heat generation. 

“Even in difficult conditions, we are thus making a reliable contribution to a secure, climate-friendly and affordable energy supply”, concluded Clemens.

The complete Half-Year Financial Report is available online at mvv.de/investors.