Established Energy Company on Borsa Istanbul Triples Investments Last Year

Enerjisa Enerji, one of the leading companies in electricity distribution, retail sales, and customer solutions in Turkiye, announced that it demonstrated strong financial performance for the year 2023.

According to the statement made by Enerjisa Enerji, the company continued its investments in the distribution business, as well as customer solutions and Eşarj, tripling its investments compared to the previous year, reaching approximately TRY 15.7 billion throughout 2023.

In the earnings report for the year 2023 released last week, Enerjisa Enerji increased its consolidated operating income by 38% compared to the previous year, reaching TRY 20.8 billion before inflation accounting. The same metric, after inflation accounting, amounted to TRY 26.9 billion.

“Despite the challenges of 2023, we kept our promises to all stakeholders” Commenting on the financial results for the end of 2023, Enerjisa Enerji CEO Murat Pınar said:

“The year 2023 has been a year with very different challenges for our country and the world, beyond all financial results. However, in the face of these challenges, thanks to the resilience of our teams and the strength of our business model, we were able to keep our promise to all stakeholders.

We continue to progress in line with our vision of leading the new energy world for a better future. Despite the earthquake disasters we experienced, we tripled our investments in the areas of network, technology, e-mobility, and customer solutions in the cities where we operate.

In this context, our investments reached TRY 15.7 billion throughout the year. In 2024, we will continue to generate projects that will benefit our investments and society, develop collaborations, and create value for all our stakeholders and our country.”

Enerjisa Enerji CFO Dr. Philipp Ulbrich said:

“In 2023, especially after the earthquake disasters that occurred in our operating region, we worked and continue to work tirelessly to heal the wounds and rebuild the infrastructure of the region.

In the high inflation environment we are in, we are experiencing difficulties, especially in managing some of our regulated costs. Despite these challenges, we continue our efforts to increase efficiency. I am pleased to say that despite the challenging environment in 2023, we have achieved our goals in all business lines. Thanks to our sustainable investment plan, our net profit increased by more than 30% to TRY 5.8 billion in 2023, in line with our targets.

The same metric, after inflation accounting, amounted to TRY 3.4 billion. In the remaining period of the year, while continuing our processes with multilateral organizations for long-term credit processes, we continue our efforts for our financing needs.”

source: prepared by Melisa Beğiç

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