Key elements of the 2019-2023 Electrica Group Strategy

During the Ordinary General Meeting of Shareholders (OGMS) dated 14 November 2019, Electrica’s Board of Directors informed the shareholders regarding the key elements of the 2019-2023 Electrica Group Strategy.

The 2019-2023 Electrica Group Strategy enhances the benefits obtained through the transformation processes carried out in the distribution companies and addresses the opportunities in order to prepare the Group for a sustainable growth. Better use and allocation of resources throughout the Group, improvement of operational performance and integration of customer-oriented mentality, as well as optimization of the business model are key elements to ensure a balance between value proposal for customers and profit maximization for shareholders.

For the 2019-2023 period, the Group’s key objectives focus on:

  • Expanding into related fields and obtaining synergies within the areas in which we operate
  • Improving the operational performance in order to continuously increase the quality of the services offered to clients
  • Continuing investments in order to improve infrastructure reliability
  • Increasing the performance and strengthening the sustainability of economic results

We want to optimize the contribution of each company to the financial objectives of the group, through a homogeneous and efficient risk management system. It is also intended to ensure the unitary implementation of the strategy, within coordinated strategic projects, focused on achieving new defined objectives. Governance and investor relations remain priorities for the Group, which will continue to constantly improve and implement best practices in the field of corporate governance and investor relations.

In addition to the traditional areas of interest, there is a high interest for the development of new activities, based on innovative technology, while continuing to monitor and analyze the opportunities for inorganic growth.

More details are available in the Presentation of the key elements of the 2019-2023 Electrica Group Strategy.

Also, Mrs. Georgeta Corina Popescu, Electrica’s CEO, outlined some of the main aspects of the strategy for the next period in Electrica Group Video Presentation.