Enerjisa Enerji's Consolidated Operating Income Increased by 57%

• Strong growth in revenues continues, 9-month consolidated operating income was above the year-end level of 2017
• Weakening of free cash flow due to changes in working capital
• The 2018 consolidated operating income target is expected to be met or exceeded

Enerjisa Enerji announced its financial statements as of 30.09.2018. Enerjisa Enerji, Turkey's leading energy company in electricity distribution and retail, generated consolidated operating income of TL 2,735 million in the first nine months of 2018, increasing its revenues by 57 percent compared to the same period last year. In the first 9 months of 2018, Enerjisa Enerji's base net profit increased to TL 624 million . "Our expectation is to realize or exceed our operating income target of TL 3.0-3.3 billion set for 2018" Enerjisa Enerji CFO Sascha Bibert stated that the strong growth continued in the third quarter. Bibert, who evaluated Enerjisa's performance in the first 9 months of 2018;  "Enerjisa Enerji continued its investments in the third quarter and recorded a strong growth in operating income due to the increase in both Distribution and Retail sales revenues.In the coming period, the company will focus on cash management and timing of investments with flexible risk management policies, taking into account the conditions."