Enerjisa Enerji Exceeds its Targets in 2019
Enerjisa Enerji, the leading electricity distribution and retail company in Turkey, closed the year exceeding the 2019 company targets and providing a 50% growth in dividend to 0.60 TRY per share
In 2019, free cash flow of Enerjisa Enerji has turned positive for the first time while investing 1,4 billion TL .
Enerjisa Enerji, a stock listed company with its two major shareholders Sabancı Holding and E.ON SE and a free float of 20%, declared its financial statements as of 31.12.2019. Enerjisa Enerji, the leading company in electricity distribution and retail sector in Turkey increased its consolidated operational earnings to TL 4,609 million in 2019, with a 20% y.o.y. growth. Underlying net profit grew by 60% to TL 1,175 million in the same period, exceeding 2019 company targets.
This success was enabled by our prudent, reliable, forward looking and agile management approach.
Michael Moser, Enerjisa Enerji CFO, stated that “As Enerjisa Enerji, we closely monitor the changes in the macroeconomic and regulatory environment in order to improve effective risk management policies to achieve a long-term and sustainable success. As a result, we surpassed our targets that we set for 2019 and achieved significant real growth for our shareholders. This great success was enabled by our proven ability to navigate through a volatile environment as a result of our prudent, reliable, forward looking and agile management approach.”
Sustainable Growth Through New Investments
Murat Pınar, Enerjisa Enerji CEO, stated that “Despite the difficult conditions, we have successfully completed 2019 with the right strategical moves. Undoubtedly, the supportive regulatory framework, our predictive risk management approach and the devoted efforts of our employees has immense impact on this.
Following the successful outcomes, our Board of Directors will propose a dividend payment of 60 kuruş per share during the Ordinary General Assembly Meeting".
Murat Pınar also stated that, “Enerjisa Enerji aims to provide the highest benefit to all our investors and stakeholders. The successful financial result we achieved in 2019 will be an important basis for investments that will further strengthen our operations in the coming period. I truly believe that the growth trend will continue through investments in distribution network and technology. At Enerjisa Enerji, we are aware of our responsibilities being the pioneering and leading company and have the goal to go beyond what is required and even expected.”