Placing sustainability at the core of its business strategy and developing projects to contribute to a smarter and greener world with a particular focus on human and technology, Enerjisa Enerji, the leading electricidistribution, retail and customer solutions company in Turkey, achieved another strong financial performance in 2023.
Enerjisa Enerji continued its investments with customer solutions and Eşarj in addition to its distribution line of business, and the company reached 15.7 billion TL in 2023, increasing its investments more than three times compared to 2022. In addition the company delivered Operational Earnings and Underlying Net Income at the upper end of the provided guidance despite the challenging environment of high inflation and high interest.
Enerjisa Enerji, disclosed its 2023 financial statements on March 8, 2024 with strong results. Enerjisa Enerji reached 20.8 billion TL in consolidated Operational Earnings before inflation accounting by increasing them 38 percent compared to 2022 and thus meeting the guidance of 30-40% increase set out. By applying inflation accounting Operational Earnings would even increase to 26.9 billion TL.
"THE CHALLENGES WE FACED IN 2023 HAVE NOT PREVENTED US TO KEEP OUR PROMISE TO ALL OF OUR STAKEHOLDERS."
Commenting on the financial results of 2023, Murat Pınar, CEO at Enerjisa Enerji, stated: “2023 was year with various challenges for our country and the. However, thanks to our teams’ engagement and the sustainability of our business model in the face of these challenges, we kept our promise to all of our stakeholders. We continue our activities to progress in line with our vision to pioneer the new energy world for a better future. We increased our investments three times in distribution networks, e-mobility and customer solutions despite the earthquake disaster we lived through. Our investments reached 15.7 billion TL in this scope in the whole year. We will continue our investments in 2024 as well as creating projects that will benefit the society, developing new cooperations, and creating value for our country.”
PHILIPP ULBRICH
"I AM GLAD TO SAY THAT WE REACHED OUR TARGETS IN ALL OUR BUSINESS LINES DESPITE THIS CHALLENGING ENVIRONMENT IN 2023."
Enerjisa Enerji CFO Dr. Philipp Ulbrich stated: “In 2023, we worked with all our might to bind up wounds after the earthquake disasters in our field operations and to enable reconstruction of the region’s infrastructure. In the inflation environment we find ourselves in, we are experiencing some difficulties in the management of certain costs that are subject to regulation. Therefore, we continue to work in order to increase our efficiency as a company. I am glad to say that we reached our targets in all our business lines despite this challenging environment in 2023. Our underlying net income has reached 5.8 billion TL with an increase of more than 30 percent in compliance to our guidance for 2023 thanks to our strong operational performance and despite the high interest rate environment. The same KPI was realized as 3.4 billion TL under inflation accounting. The high investments ensure our future profitability. With this Enerjisa Enerji remains a highly attractive investment target in the Energy sector in Türkiye. ”
ABOUT ENERJİSA ENERJİ
Enerjisa Enerji, which pioneers the energy transformation in Türkiye by using the multiplier effect of sustainability and technology in line with its vision of ‘a better future for all,’ provides service to 25 percent of Türkiye in electricity distribution and retail, which are the main fields of activity of the company. Enerjisa Enerji, the prominent player in the industry, reaches 10.3 million customers in 14 provinces and provides electricity distribution services to more than 21 million users. While Enerjisa Enerji offers renewable energy, efficiency and green energy solutions to its customers via its Energy of My Business brand, the company also operates the first and fastest charging station network in Türkiye with Eşarj, the company of which Enerjisa owns majority of its shares. 20 percent of Enerjisa Enerji, whose main shareholders are Sabancı Holding and E.ON, is publicly traded in Borsa Istanbul.
