Enercity is aiming for record sales and increases profit forecast

Enercity emits significantly more heat

At around 99 million euros, the operating result (EBIT) is 21.6 percent higher than before. Due to the strong overall development, Enercity is aiming for record sales of over four billion euros for the current financial year (2020: 3.7 billion euros) and is increasing its profit forecast to well over 100 million euros.

The generally sharp rise in price levels on the electricity and gas markets led to a slight reluctance in wholesale activities, according to a press release. The total sales figures for electricity and natural gas have therefore decreased overall: Electricity sales in the third quarter of 2021 were 21,524 gigawatt hours (GWh), 4.0 percent below the previous year’s period (22,417 GWh). Natural gas sales totaled 35,828 GWh.

In contrast, heat sales in the Enercity Group increased sharply and amounted to 1,886 GWh in the third quarter of 2021. This corresponds to an increase of 17.3 percent compared to the same period in the previous year.

Good response to the heating replacement campaign

Enercity will spend more than 550 million euros on the heating transition in Hanover in the coming years. The regional supplier and the state capital will support the replacement of 5,000 oil heating systems with around 35 million euros over the next three years and promote the efficiency increase of up to 30,000 heating systems in order to promote the heating transition in the city. The heating replacement campaign for Hanover, which was launched at the end of October, has evidently met with a good response: Enercity has since recorded strong demand for these offers.

E-mobility business area is booming

E-mobility is also making headway: by the end of November, Enercity had installed 340 public charging points in Hanover. At the end of 2020 there were 178 Enercity charging points. “The stronger emphasis on faster DC charging makes the offer even more attractive for our customers,” says Zapreva. Among the more than 440 public Enercity charging points in the coming year, there will be at least 70 fast charging options in the future.

Hanover already benefits from a very well developed charging infrastructure and is among the top 2 German cities with more than 500,000 inhabitants, according to the regional supplier.

In practice, 85 percent of charging takes place at home or at work. The company has now been able to set up more than 2,500 charging points across Germany. Since 2017, the number of charging points installed by Enercity has doubled every year. A good fifth ask private customers, the majority of the charging points are created by companies or the housing industry that offer their employees, visitors or tenants charging options close to their homes.

Enercity will invest around 1.5 billion euros by 2025

For the year as a whole, Enercity expects a significant increase in earnings. The goal of doubling EBIT to 220 million euros in 2025 compared to 2016 continues to apply. During this period, the regional supplier is investing 1.5 billion euros in renewable energies and infrastructure. “In particular, we expect the upcoming measures by the new federal government to give a significant boost to the expansion of renewable energy in electricity and heat generation,” says Zapreva. (hoe)


Leave a Reply

Your email address will not be published.