MVV Energie cuts profit forecast on mild winter, plant delays

MVV Energie AG

15/05/2015 06:32

FRANKFURT, May 15 (Reuters) - German local utility MVV 
Energie  MVVGn.DE  on Friday cut its full-year profit forecast, 
blaming mild winter temperatures as well as operational delays 
at new plants in Britain. 
    For the fiscal year 2014/2015, which starts in October, MVV 
now expects adjusted earnings before interest and tax (EBIT) to 
be roughly stable compared to the previous year, when operating 
earnings amounted to 170 million euros ($194 million), the 
company said. 
    MVV had originally aimed for adjusted EBIT of 180-195 
million euros, but the group had already said in February that 
this goal had become more challenging.  ID:nL5N0VM10E  
     
($1 = 0.8777 euros) 
     
 
 (Reporting by Christoph Steitz; editing by Thomas Atkins) 
 ((christoph.steitz@thomsonreuters.com; +49 69 7565 1269; 
Reuters Messaging: 
christoph.steitz.thomsonreuters.com@reuters.net)) 
 
Keywords: MVV ENERGIE RESULTS/