Enerjisa Enerji Sustained Its Strong Balance Sheet Structure In The First Quarter
Enerjisa Enerji's network investments reached 976 million TL in the first quarter of the year. Consolidated Operating Earnings grew by 41 percent on an annual basis in the same period, reaching 764 million TL.
Enerjisa Enerji, a stock listed company with its two major shareholders Sabancı Holding and E.ON SE and a free float of 20%, disclosed its financial statements as of 31 March 2023. According to the results, the company has increased its consolidated Operational Earnings to TL 3 billion 764 million in Q1 2023, with 41% year over year growth compared to the same period of last year.
Evaluating the results of the first quarter, Enerjisa Enerji CEO Murat Pınar said, “We continue to progress in line with our vision of leading the new energy world for a better future with our strong balance sheet and agile management approach. Our grid investments reached 976 million TL in the first quarter of the year. Meanwhile, our subsidiary Eşarj, the first and fastest charging station company in Turkey, continued to grow in line with the goal of increasing utilization of electrical vehicles. Our public charging locations in Turkey reached 548 while number of charging plugs reached 1,030. Our goal is to reach more than 1,000 charging locations in 81 provinces in Turkey. From now on, we will continue to initiate projects that will benefit the society, develop collaborations, and create value for all our stakeholders and our country, while maintaining our stable growth path”
Dr. Michael Moser, CFO of Enerjisa Enerji, said, “After the devastating earthquake in February 2023, we are putting all our efforts in a faster recovery in the region while continuing our investments. We managed to maintain our strong balance sheet structure thanks to our prudent risk management approach. Our net financial debt/operational earnings declined to all time low at 0.5x. The Underlying Net Income reached TL 551 million in the first quarter of 2023”.
About Enerjisa Enerji;
Enerjisa Enerji, which pioneers the energy transformation in Turkey by using the multiplier effect of sustainability and technology in line with its vision of "A better future for all", provides service to 25 percent of Turkey in electricity distribution and retail, which are the main fields of activity of the company. Enerjisa Enerji, the prominent player in the industry, reaches 10.3 million customers in 14 provinces and provides electricity distribution services to more than 21 million users. While Enerjisa Enerji offers renewable energy, efficiency and green energy solutions to its customers via its Energy of My Business brand, the company also operates the first and fastest charging station network in Turkey with Eşarj, the company of which Enerjisa owns majority of its shares. 20 percent of Enerjisa Enerji, whose main shareholders are Sabancı Holding and E.ON, is publicly traded on Borsa Istanbul.
