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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GEN-I Group has recorded growth in its operations, a trend that continued in 2015, despite the adverse market conditions. In the given financial year, we recorded growth in sales revenues amounting to EUR 1.731 billion, an increase of 32.8% relative to 2014 and generated a net profit of EUR 7.028 million, an increase of 34.5% on the previous year.
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GEN-I has recorded growth in its operations over the last five years, a trend that continued in 2014, despite the adverse market conditions. We achieved growth in sales revenue, which amounted to EUR 1,352 million, and also achieved 20.7% growth in quantities of electricity sold during the business year.
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Despite the adverse conditions on regional energy markets, 2013 was characterized by GEN-I’s successful expansion to foreign markets. We generated EUR 1.28 billion in revenues and ended the business year with a net profit of EUR 9,868 thousand.
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A number of competitors vanished from the market during the year due to the adverse conditions, which further strengthened GEN-I’s position. The year in which we generated revenues of EUR 1.5 billion was highlighted by GEN-I’s entry on the Slovenian natural gas market under the Affordable Natural Gas brand and the expansion to new markets in South-East Europe.
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The GEN-I Group significantly exceeded the business objectives it set for 2011, as operating revenues were up by 55%. In addition to sharp growth in market shares on existing markets, we successfully entered new markets: we began trading in Turkey and signed a five-year agreement on the supply of electricity to the City of Zagreb.
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Quantities of electricity sold were up 56% in 2010 which, together with the doubling of quantities of electricity sold on the markets of South-East Europe, strengthened the Group’s position in the aforementioned region. We were the only Slovenian company to supply electricity to end-customers in Austria, Italy and Croatia, while integrating sales and trading activities within the Company.
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The year 2009 will be remembered for the launch of the Affordable Electricity brand, whose competitive prices changed the Slovenian electricity market for the better for small customers. As a supplier of alternative sources of electricity during the scheduled maintenance outage at Slovenia’s largest energy production facility, the Krško Nuclear Power Plant, GEN-I demonstrated the importance of stable partnerships in the energy business.
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During a turbulent year for energy markets in 2008, the GEN-I Group was the second-largest balance group on the Slovenian electricity market and an increasingly important group, via seven subsidiaries, on the regional markets of South-East Europe.
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The year 2007 was marked by extraordinarily dynamic changes on the electricity market. The Company’s growth exceeded all expectations. We doubled our share of the domestic market, worked intensely to develop an active presence on eastern markets and achieved an important position in energy sales and purchases in the Balkans, where we have become a prominent partner.
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At GEN-I, 2006 will be remembered as the year when we combined capital with expertise to make our dreams come true. The establishment of our own balance group and the expansion of the production portfolio proved to be excellent decisions. Operating revenues exceeded EUR 100 million in 2006, and were more than 50% higher than planned, thus justifying our ambitious plans for the future.
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