The Share of MVV Energie AG

The performance of financial markets in the 2008/09 financial year was largely determined by macroeconomic developments and highly volatile commodity and oil prices. Due to the financial and economic crisis, the DAX, Germany’s lead index, fell by 37.1% between the end of September 2008 and early March 2009. Following lows at around 3 666 points, the DAX finally showed an at times highly volatile recovery, enabling it to return to 5 675 points by the end of September 2009. This growth was driven by the improved economic outlook and resultant expectations that the global recession would soon come to an end. Further developments on international stock markets will crucially depend on future economic data and on the development in commodity and oil prices.

At Euro 30.83, the share price of MVV Energie AG at the end of the financial year on
30 September 2009 was 7.1% down on the previous year’s balance sheet date. Accounting for the dividend distribution of Euro 0.90 per share in March 2009, the share price slipped 3.5 % in the overall period under report and thus remained more or less stable (please see share chart). Our comparative indices showed highly disparate developments over the same period. DAXsector Utilities (previously Prime Utilities), which is largely influenced by large groups such as E.ON and RWE, lost 8.1 % in value, while the SDAX rose by 2.9 %. The share of MVV Energie AG thus maintained its ground relatively well in a difficult market climate marked by the financial and economic crisis.