Quarterly performance
Our sales in the 4 th quarter of 2008/09 (July to September 2009) grew year-on-year by
14 % to Euro 679 million. This growth was driven in particular by the electricity and valueadded services segments.

Adjusted EBIT for the 4 th quarter of 2008/09 amounted to Euro – 11 million.
By comparison, adjusted EBIT for the 4 th quarter of the previous year amounted to
Euro – 2 million. This downturn was chiefly due to the reduction in price rates as of 1 April 2009 and to falling prices in the waste business. These were exacerbated by the negative impact of the economic crisis on earnings in the electricity business in
the 4 th quarter of 2008/09. This factor had not yet made itself felt to the same extent in the previous year’s quarter.

The earnings of the MVV Energie Group are traditionally weak in the 4 th quarter due to the lack of earnings contributions from the heating energy business in the summer months. Moreover, we prefer to perform maintenance and inspection measures during this period.

