Turkish electric services company, Enerjisa Enerji, tripled its annual investments to 15.7 billion Turkish liras in 2023, the company announced on Tuesday.
Despite the challenging environment of high inflation and interest rates last year, Enerjisa Enerji saw a 38% increase in consolidated operational earnings to 20.8 billion Turkish liras compared to 2022. This fell in line with the upper end of its guidance of a 30–40% increase.
Murat Pinar, CEO of Enerjisa Enerji, said that despite the challenges they faced both in Türkiye and as Enerjisa Enerji, they kept their promise to stakeholders due to their sustainable business model.
“We continue our activities to progress in line with our vision to pioneer the new energy world for a better future. We tripled our investments in distribution networks, e-mobility and customer solutions despite the earthquake disaster we lived through. Our investments reached 15.7 billion liras in this scope for the whole year,” he said.
'We will continue our investments in 2024 as well as create projects that will benefit society, develop new cooperation, and create value for our country,” he added.
Enerjisa Enerji’s CFO, Philipp Ulbrich, said they have worked hard in the aftermath of the earthquake disasters to enable reconstruction of the affected region’s infrastructure.
Ulbrich said that despite the challenges in 2023, in which the company experienced cost management difficulties, the company reached its targets.
“Our underlying net income has reached 5.8 billion liras with an increase of more than 30% in compliance with our guidance for 2023, thanks to our strong operational performance and despite the high interest rate environment,” he said.
“High investments ensure our future profitability. With this, Enerjisa Enerji remains a highly attractive investment target in the energy sector in Türkiye,” he concluded.
By Basak Erkalan
Anadolu Agency
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