- Continued strong earnings growth with year-to-date earnings already exceeding 2017 levels
- Weak free cash flow due to various working capital items
- 2018 operational earnings target expected to be met or even exceeded
Enerjisa Enerji has published its financial statements as of 30.09.2018. Turkey’s leading electricity distribution and retail company Enerjisa Enerji has increased its consolidated operational earnings by 57% to 2,735 m TL in the first nine months compared to the results of the previous year. The company has increased its underlying net income to 624 million TL.
“We expect to meet or even exceed our targeted full year 2018 operational earnings of 3.0-3.3bnTL”
Enerjisa Enerji CFO Sascha Bibert stated that the strong growth continued in the third quarter as well. Bibert commented on the performance year to date and added “Enerjisa Enerji continued investments in the third quarter and recorded strong operational earnings growth driven by both increased Distribution and Retail earnings. With resilient risk management policies in place, the company will be focusing on cash flow management and timing of investments going forward, considering the overall environment.”