The GEN-I Group performed well once again during the previous business year, when net profit exceeded €15 million for the first time and we sold a record 83.4 TWh of electricity. For the third year in a row, we generated more the €2.2. billion in revenues and recorded return-on-equity in excess of 16%. In the context of growth in operations, cash flow and gross margin, we further improved GEN-I’s financial position, and generated value for owners and solidified the trust of the financial markets by reducing debt and strengthening capital.
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The GEN-I Group achieved new milestones during the year. For the second consecutive year, we generated more than €2.3 billion in revenues, which was 35% higher than the average of the previous four years. Net profit remained at last year’s record level. We sold 47.4 TWh of electricity on 22 European markets and an additional 27.4 TWh via futures contracts.
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Behind the Gen-I Group is a record year in which we solidified our reputation as one of the fastest growing energy companies in Europe. We sold a record 52.7 TWh of electricity on 22 European markets last year. We generated revenues of more than €2.3 billion, which exceeded planned revenues by more than 50%, and generated a profit of €13.5 million, an increase of 84% relative to 2016.
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The GEN-I Group successfully ended the 2016 business year with revenues in excess of EUR 1.582 billion. The Group’s breakthrough year was characterized primarily by the acquisition of Elektro energija, ownership consolidation and the introduction of the new comprehensive GEN-I Sonce service, which made us the first energy supplier in the region to offer the construction of micro solar power plants for the self-sufficient supply of electricity.
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