Turkey's leading company in electricity distribution and retailing, Enerjisa Enerji's Operating Revenues reached TL 3.8 billion in 2018 with a 50% growth compared to the previous year, greatly exceeding the target of TL 3.0-3.3 billion. In 2018, Enerjisa Enerji's Base Net Profit increased by 40% to 730 million, while the dividend proposal was set at 40 cents per share, providing significant real growth compared to the previous year. Enerjisa Enerji, a subsidiary of Sabancı Holding and E.ON, announced its financial statements as of 31.12.2018. Enerjisa Enerji, Turkey's leading energy company in electricity distribution and retail sales, generated consolidated operating income of TL 3,845 million at the end of 2018, increasing its revenues by 50 percent compared to the same period last year. Thus, the Company has substantially exceeded its Operating Income target of TL 3.0 -3.3 billion for 2018. Enerjisa Enerji's net profit increased to TL 730 million.
Turkey's largest private sector public offering in TL terms took place in 2018 Enerjisa Enerji started to be traded on Borsa Istanbul as of February 8, 2018. 20% of its shares were opened to the public and a total of 4.8 times the demand was received during the demand collection process, attracting high investor interest. The public offering of Enerjisa Enerji, which was realized through the sale of equal shares of Sabancı Holding and E.ON, was a first for the private sector in the electricity distribution and retail sector, as well as going down in history as Turkey's largest private sector public offering in TL terms. In this sense, while creating value for the Turkish economy, Enerjisa Enerji has also taken a very valuable step in terms of institutionalization of the energy sector.
SaschaBibert, CFO of Enerjisa Enerji, said, "As Enerjisa Enerji,
we develop effective risk management policies by closely following macroeconomic trends and regulatory changes every period in order to achieve long-term and sustainable success. As a result, following our IPO in February 2018, we exceeded our targets in 2018 and created real growth for our shareholders by ensuring continued successful financial and operational performance. The biggest contribution to this success is undoubtedly our employees. "He said, "I'm going to get
We added value to all our stakeholders by continuing our growth in 2018 In 2018, in addition to improving the quality of the distribution network, Enerjisa made an investment exceeding the expectations in legal regulations in order to prevent technical and commercial losses and continued to work with the aim of becoming a reliable solution partner of more than 9 million customers with after-sales services through physical and digital channels.
Enerjisa Enerji CEO Ziya Erdem "As Enerjisa Enerji, we aim to provide the highest benefit to both our investors and all other stakeholders. We successfully completed 2018, in which financial fluctuations were experienced, with an agile management approach and the right tactical moves. Undoubtedly, the continuous support of the regulatory framework, our predictive risk management, our strong customer relations and our competent team play a great role in this success. Following these successful results, our Board of Directors will propose to the Ordinary General Meeting that a dividend of 40 cents per share be paid." Stating that financial sustainability, predictability and liberalization will be among the priority issues of the energy sector, Ziya Erdem said, "As Enerjisa Enerji, we aim to get ahead of the age in every period by acting with the awareness of our responsibilities that come with being a pioneer and leading company. In line with our medium and long-term targets that we set out at the time of the public offering, we will continue our efforts to provide uninterrupted and sustainable energy in 2019."