MVV halves profit in 2023/24, proposes 9% dividend hike

MVV Energie AG

12/12/2024 08:44

FRANKFURT, Dec 12 (Reuters) - German regional utility
MVV Energie  MVVGn.DE  on Thursday reported a halving of annual
profit but proposed a dividend increase of 9% for its 2024
fiscal year ended in September.
    MVV, based in Mannheim where the city owns a 50.1% stake in
the company, said it planned to raise its dividend to 1.25 euros
per share for 2024 from 1.15 euros the previous year.
    MVV has long held certified targets to transition to
low-carbon heat as well as electricity-, waste- and
biomass-based energy products for industry and household
customers ahead of some bigger sector peers.

 (Reporting by Vera Eckert, editing by Rachel More)
 ((vera.eckert@thomsonreuters.com; +49 30 2201 33654))