In 2018, the Operational Earnings of Enerjisa Enerji, the leading power distribution and retail company in Turkey, reached 3.8 billion TL, with a 50% yoy growth compared to the previous year and significantly exceeded the targets of 3.0-3.3 bn TL.

In 2018, the Underlying Net Income of Enerjisa Enerji, reached 730 million TL with a 40% yoy growth; while the dividend proposal was set as 40 kuruş per share with a significant real growth compared to the previous year.

Enerjisa Enerji has published its financial statements as of 31.12.2018. Turkey’s leading electricity distribution and retail company Enerjisa Enerji, has increased its consolidated operational earnings by 50% to 3,845 m TL as of year-end 2018, compared to the results of the previous year. The company therefore significantly exceeded the communicated 2018 target for Operational Earnings of 3.0 – 3.3 billion TL. Underlying Net Income grew by 40% to 730 million TL.

Achieving the largest-scale private sector public offering on TL basis in Turkey

As of February 8, 2018, Enerjisa Enerji has started trading in Borsa Istanbul. Enerjisa Enerji offered 20% of its shares to public, experienced high investor interest with 4.8 times more demand in total. The public offering of Enerjisa Enerji, realized through the sales of equal common shares of Sabancı Holding and E.ON, has gone down in the history as the largest private sector public offering on TL basis in Turkey, and has been a first for the private sector electricity distribution and retail industry. In this sense, Enerjisa Enerji's IPO has been a very valuable step in terms of the institutionalization of the energy industry, as well as the value it has created in Turkey's economy.

Developing effective risk management policies

“Enerjisa Enerji closely monitors the changes in the macroeconomic trends and regulation and develops effective risk management policies to achieve a long-term and sustainable success. Hence, following the IPO in February 2018, we sustained our successful financial and operational performance, exceeded our targets and generated a real growth for our shareholders in 2018. No doubt that our employees have the largest contribution in our achievement" stated Sascha Bibert, CFO of Enerjisa Enerji.

Creating value for all stakeholders with the ongoing growth in 2018

Enerjisa whilst completing investments higher than the regulative expectations in 2018, to improve the quality of its distribution network and prevent technical and commercial losses, continued its efforts to be a reliable solution partner for its more than  9 million customers with its after-sales services offered through physical and digital channels.

Ziya Erdem, CEO of Enerjisa, stated, "Enerjisa Enerji aims to create value both for all our investors and stakeholders. With our agile management approach and right tactical moves, we managed to complete 2018 successfully, despite the financial fluctuations in the market. It is obvious that the continuous support of the regulating framework, our visionary risk management, strong customer relations and skilled teams have a great share in our success. Following the successful outcomes, our Board of Directors will offer a dividend payment of 40 kuruş per share during the Ordinary General Assembly Meeting".

Underlining that financial sustainability, predictability and liberalization are priority issues of the energy sector, Ziya Erdem added, "At Enerjisa Enerji, we are aware of our responsibilities as a pioneering and leading company and have the goal to go beyond what is required. In line with our mid- and long-term goals that we set during the IPO period, in 2019, we will continue to put our efforts to provide uninterrupted and sustainable energy".