Tuesday, December 9, 2014

More than 40 percent. Energi shares increase in value in the first year … – Onet.pl

More than 40 percent. Energi shares increase in value in the first year … – Onet.pl

On the stock exchange on 11 December 2013. Went 34.18 percent. shares, and the rest kept Treasury. On the first day of trading the company’s capitalization amounted to approx. 7 billion zł, today it is almost 10 billion. As recalled on Tuesday at a meeting with journalists Energi president Miroslaw Belinsky, if adventure began with the exchange of inheritance, it then shares previously only grow.

Belinsky stressed that over the past year Energa tidied business, divided into three sectors – energy production, distribution and sale, raised profitability and reduced fixed costs. Energa focuses on the regulated segment of the distribution of low-risk, production of energy from renewable sources and the quality of customer service. The company stresses that the creation of value for shareholders realized by maintaining the profile of a low-risk business and secure capital structure.

” The source of our previous success among investors is calm, predictable business model that allows us to generate profits with low risk. Investors prefer stability and predictability “- said Belinsky.

stressed the importance of a company’s fulfillment of the promises, especially as to the payment of dividends. In June, 2014. Energa in the form of dividends paid 414 million profit. As pointed out by the company, this year’s results confirm the ability to pay a high dividend for 2014. The Board intends to recommend the payment of a profit of 500 million zł – Energa announced.

WSE President Paul Tamborski – Deputy Minister of the Treasury at the time of the introduction of Energi on the stock exchange – in turn, reminded that the sale Energi for more than 2.4 billion zł today is the largest privatization transaction in the region. This was the first transaction in which the most important buyers, defining the price were international investors, which demonstrates the quality of the offer – he added.

Energa is one of the four largest energy groups in Poland, with the largest share of electricity from its own renewable energy sources. Supplies and distributes electricity to 2.9 million customers, has a distribution network with a total length of approx. 191 thousand. km, covering the range of approx. 77 thousand. sq. km or approx. 25 percent. of the country. Energa is approx. 15 percent. share in the market for the sale of electricity to end-customers.

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