Enea SA

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ENEA Spółka Akcyjna

logo
legal form Spółka Akcyjna
ISIN PLENEA000013
founding January 2, 2003
Seat Poznań , PolandPolandPoland 
management Paweł Szczeszek ( Chairman of the Board )
Izabela Felczak-Poturnicka ( Chairman of the Supervisory Board )
Number of employees 16,996
sales 15.9 billion zloty (3.6 billion euros )
Branch power supply
Website www.enea.pl
As of December 31, 2019

Enea administration building in Pölitz

The Enea SA (formerly Energetyka Poznańska SA ) is the third largest Polish energy group (after PGE and Tauron ). The company is based in the Greater Poland city ​​of Poznan .

The company has been listed on the Warsaw Stock Exchange since November 17, 2008 and is included in its WIG30 leading index.

history

The beginnings of the company go back to the beginning of the 20th century: On October 31, 1904, the first municipal power plant was put into operation on Grobla Street in downtown Poznan . Energy was generated with three gas turbines , initially with a mains voltage of 110 V, later 220 V. In cooperation with the municipal waterworks, energy was also generated with water turbines . After the First World War , the energy demand reached the capacity limit of the power plant, so that the construction of another power plant became necessary. Construction took place in 1929 in Garbary , part of today's Poznan Old Town, after the city took over the area from the previous owner, the military.

Both power plants were in operation during the German occupation ; However, the Garbary power plant had towards the end of World War II due to heavy fighting around the in today's Cytadela Park located Fort Winiary be temporarily shut down for several months.

After the Second World War

After the war, responsibility for the operation of the electrical supply infrastructure was transferred from Zakład Siły, Światła i Wody (German: Power, Light and Water Company ) to the Zjednoczenie Energetyczne Okręgu Poznańskiego (German: Energy Union of the Poznań District ); from then on the power plants operated under the name Zespół Elektrowni Poznań (German power plant group Posen ). In January 1951, the Poznan resulted from the merger Zjednoczenie Energetyczne Okręgu Poznańskiego and Szczecin Zjednoczenie Energetyczne Okręgu Szczecińskiego the company Zakłady Energetyczne Okręgu Zachodniego (dt. About energy companies in the western district ).

After the power plant in Garbary was expanded and henceforth could cover the energy needs of the city independently, the Grobla power plant was decommissioned in 1954; In the following year the name was changed to Elektrownia Poznań (German power plant in Poznan ). Further changes in the legal form and organizational restructuring in the 1950s to 1970s ultimately resulted in the establishment of the Zakład Energetyczny Poznań (German Poznan Energy Company ) and the separate Zespół Elektrowni (German power plant group ).

Privatization after the political change in 1989

In 1993 part of the company was spun off and transferred to Polskie Sieci Energetyczne ; the remaining parts of the company continued under the name Energetyka Poznańska - Spółka Akcyjna as a public limited company in sole state ownership.

In order to meet legal requirements, the company's activities were unbundled in 2000 through the establishment of independent companies for the business fields of energy trading ( Zakład Obrotu Energii ) and distribution network operation ( Zakład Dystrybucji Energii ).

In January 2002, the Minister for State Assets decided to merge five previously independent regional energy supply companies under state ownership ( Energetyka Poznańska SA , Energetyka Szczecińska SA , Zakład Energetyczy Bydgoszcz SA , Zakład Energetyczny Gorzów SA , Zielonogórske Zakłady Energetyczne SA ) to form a joint company with their registered office in Parsonia merge . The resulting Grupa Zachodnia Group was finally renamed Grupa Energetyczna ENEA SA in the following year .

In December 2003 the Polish government announced that the recently founded company would be privatized ; However, initially no suitable investor was found.

In June 2005, the relevant regulatory authority approved the public trading of the company's shares.

In 2007, in order to comply with the requirements of the European Union to maintain competition on the energy market, all network operation activities were outsourced to an independent subsidiary called ENEA Operator Sp. Z oo . In the same year, the state contributed 100% of the shares in the Kozienice power plant to the group as part of a capital increase .

initial public offering

On November 17, 2008, ENEA SA went public on the Warsaw Stock Exchange . The Polish state remained the majority shareholder. As part of the IPO, Vattenfall AB acquired a minority stake of 19 percent.

In January 2009, the Polish state started another initiative for a full sale, and the bidding process began in July . Among other things, RWE had submitted an offer; However, Vattenfall and ČEZ , which had previously expressed interest in Enea SA, did not. Later in the same year, RWE finally withdrew its bid.

In 2014 Vattenfall sold its entire stake in ENEA.

The company's share has been included in the WIG30 index of the Warsaw Stock Exchange since its inception. Between March 2015 and March 2017, the share was also included in the WIG 20 index.

Business areas

The group's activities are divided into five main business areas:

Shareholder structure

The share capital of the company amounts to 441,442,578 zloty (100.5 million euros ) and is divided into 441,442,578 shares of series A to C to the nominal value of 1.00 zloty.

Shareholder structure as of December 31, 2019
shareholder Number of shares held Share in the share capital Share of voting rights
Polish state 227.364.428 51.5% 51.5%
Free float 214.078.150 48.5% 48.5%

Energy mix

According to the company's own information, the company's energy mix is as follows (as of 2019):

Primary energy source Share of total production in 2019
Biomass 6.70%
Hydropower 1.20%
Wind energy 7.88%
Hard coal 59.88%
Brown coal 16.97%
natural gas 4.73%
Others 2.64%

Individual evidence

  1. ↑ a b ENEA SA: Important events. Archived from the original ; accessed on April 4, 2019 .
  2. ↑ a b Ład korporacyjny. Retrieved June 10, 2020 (Polish).
  3. ↑ a b c d e SKONSOLIDOWANE SPRAWOZDANIE FINANSOWE GRUPY KAPITAŁOWEJ ENEA za rok obrotowy kończący się 31 grudnia 2019 zgodne z MSSF UE. (PDF; 4.8 MB) June 4, 2019, accessed June 10, 2020 (Polish).
  4. ↑ a b c GPW: Enea Listed on WSE. November 18, 2008, accessed April 4, 2019 .
  5. ↑ ENEA SA: ENEA will become one of WIG30 elite index. August 9, 2013, accessed April 4, 2019 .
  6. ↑ a b c d e f g h ENEA SA: Historia Grupy Enea. Retrieved April 4, 2019 (Polish).
  7. ↑ Reuters Germany: RWE reaches for the Polish supplier Enea. August 17, 2009, accessed April 4, 2019 .
  8. ↑ Jürgen Flauger: RWE shrinks back in Poland. Handelsblatt, October 14, 2009, accessed on April 4, 2019 .
  9. ^ Patryk Wasilewski: Vattenfall Sells Stake in Poland's Enea. The Wall Street Journal, January 15, 2014, accessed April 4, 2019 .
  10. ↑ ENEA SA: ENEA at WIG20 - the elite of Polish listed companies. February 13, 2015, accessed April 4, 2019 .
  11. ^ Anna Wlodarczak-Semczuk: Poland's JSW replaces Enea in WIG20 index. March 2, 2017, accessed April 4, 2019 .
  12. ↑ Akcje i akcjonariat. Retrieved June 10, 2020 (Polish).
  13. ↑ Struktura paliw 2019 (PDF; 0.2 MB) March 30, 2020, accessed on June 10, 2020 (Polish).