Enerjisa Enerji Continues to Invest in Türkiye’s Energy Transition During the First Half of 2024
Türkiye’s leading electricity distribution, retail sales, and customer solutions company Enerjisa Enerji has continued to demonstrate robust financial performance throughout the first half of the year, reinforcing its steady progress towards achieving its 2024 targets. This steadfast performance underlines our commitment to operational excellence and our strategic focus on sustainable growth, ensuring that we remain on track to meet our long-term objectives.
Enerjisa continues to prioritize its long-term investment strategy, allocating TL 3.7 billion in H1 2024. These investments are central to the company’s expansion, particularly in solar PV, which significantly boosted the Customer Solutions segment.
We Continue to Invest in Turkey's Energy Infrastructure
Enerjisa Enerji CEO Murat Pınar stated that “Enerjisa’s resilience and forward momentum in the face of a challenging market landscape are testaments to the strength of our strategic vision. We have consistently prioritized investments in areas that not only drive immediate growth but also ensure our long-term sustainability. By expanding our solar PV capacities and reinforcing our Distribution segment, we are laying a robust foundation that will support our ambitions for years to come. Our focus on innovation and sustainability enables us to remain a leader in Türkiye’s energy transition, aligning our goals with global trends in renewable energy. Despite the economic headwinds, our dedicated approach to capital allocation and operational efficiency continues to deliver strong results. We are confident that our investments today will secure a prosperous and sustainable future for Enerjisa, our stakeholders, and the communities we serve.”
First Half Performance Aligns with Our Strategic Goals
Enerjisa Enerji CFO Philipp Ulbrich stated that, "Our financial performance in the first half of 2024 underscores the success of our strategic investments, even in a complex and challenging financial environment. The growth we’ve seen in our Distribution segment, coupled with the significant improvement from our solar PV initiatives, highlights the soundness of our investment approach.. We observed a remarkable growth in Retail volumes that is refelcting the competitiveness of Enerjisa and the potential of the company. Also the recent tariff adjustments are a necessary step forward, but it is crucial that further regulatory changes are implemented to align tariffs with the real costs of energy production and distribution. As long as the market is heavily subsidized, we will not see the full potential of that development in Underlying Net Income as the massive subsidies for electricity and gas prices are not sustainable. This is clearly not a question about the if, but about the when.. We will further continue with our investments into the energy infrastructure of Türkiye as they are the key lever for a successful energy transition of the country and we expect the Regulator to set the right environment for this. Our long-term capex program will ensure profitable growth of our businesses, especially on the distribution side. Based on the performance of the first six months 2024, I am fully confident that we will reach the given company guidance across all metrics Our commitment to transparency, sustainability, and long-term value creation remains at the core of everything we do, and we are confident in our ability to navigate the challenges ahead while delivering consistent returns for our investors."
KAPATMAK İÇİN (ESC)
Kapat
