MVV Energie says profit forecast has become more challenging

MVV Energie AG

12/02/2015 06:33

FRANKFURT, Feb 12 (Reuters) - German utility MVV Energie 
 MVVGn.DE , Germany's seventh-largest utility by sales, said its 
target of reaching up to 195 million euros ($221 million) in 
operating profit this year had become more challenging, citing 
mild temperatures that curbed energy demand. 
    The company in December had guided for adjusted earnings 
before interest and tax (EBIT) of 180-195 million euros in the 
fiscal year 2014/2015, up from 173 million in the previous year. 
    "This target is now more ambitious," Chief Executive Georg 
Mueller said in a statement on Thursday. 
($1 = 0.8837 euros) 
 
 (Reporting by Christoph Steitz; Editing by Harro ten Wolde) 
 ((christoph.steitz@thomsonreuters.com; +49 69 7565 1269; 
Reuters Messaging: 
christoph.steitz.thomsonreuters.com@reuters.net)) 
 
Keywords: MVV ENERGIE RESULTS/