The GEN-I Group exceeded all plans in 2019 and in the context of record electricity sales of 83.4 TWh, recorded an 18.4% increase in profit, which amounted to more than €15 million. With sales reaching €2.2 billion, the Group improved its financial position significantly and reduced its debt by 27%. Excellent results continue in 2020, an indication that the Group was well-prepared for the current economic crisis as the result of the extraordinary situation, and continues to grow in all areas. The extraordinary results achieved to date in 2020 are the reason for the recruitment of 50 new co-workers in a time when most companies are gazing with concern into the future.

“Trust is the basis for all partnerships. Our customers know that they always come first,” commented Dr. Robert Golob, President of GEN-I’s Management Board, after the Company captured first place on the retail market among suppliers in terms of market share. GEN-I is the largest electricity supplier on the domestic market. The Company sold more electricity to end-customers last year than any other supplier. Its share of 18% is the highest on the retail market, meaning that the Company recaptured first place on that market after last holding that position in 2017.

Turkish Electro-Technology Exporters’ Association has announced that Gen-i Istanbul has achieved the 48th position in the electrical-electronics and ICT industries sector, being among the success companies, having exceeded the export of 10 mio USD and on a country level together with other participants exceeded 11.4 billion USD export volume.