German utility MVV Q1 profit jumps on renewable projects

MVV Energie AG

12/02/2016 06:31

FRANKFURT, Feb 12 (Reuters) - German utility MVV Energie 
 MVVGn.DE  posted a 61 percent rise in first-quarter operating 
profit, boosted by its renewable business, which includes 
biomass plants in Britain and wind parks it acquired through the 
takeover of project firm Juwi  JUWI.UL . 
    In its first fiscal quarter, which ended Dec. 31, MVV had 
adjusted earnings before interest and tax (EBIT) of 103 million 
euros ($116.44 million), compared with 64 million in the same 
period a year earlier. 
    ($1 = 0.8846 euros) 
 
 (Reporting by Christoph Steitz; Editing by Maria Sheahan) 
 ((christoph.steitz@thomsonreuters.com; +49 69 7565 1269; 
Reuters Messaging: 
christoph.steitz.thomsonreuters.com@reuters.net)) 
 
Keywords: MVV ENERGIE RESULTS/