Press releases pg. 12
CEZ Group officially launches divestment of Polish assets
Today CEZ Group officially started the divestment process in Poland. After the market sounding, interested investors will be asked to present non-binding offers. CEZ intends to sell five companies in Poland, keeping only those engaged in modern energy services (ESCO). The divestment is in accordance with the current CEZ Group´s business strategy.
16. 9. 2020
CEZ Group’s profits for the first half of the year have reached CZK 14.7 billion, which is a 9% increase year-on-year
CEZ Group’s net profits for the first half of the year have reached CZK 14.7 billion, which is an increase by 1.3 billion year-on-year. Operating profit before write-offs (EBITDA) grew by 11% to CZK 38.7 billion. The increase in profit is mainly caused by the growth of realization prices of generated electricity in the Czech Republic due to multi-year pre-sales on wholesale markets in Germany and additional profits from commodity trading. The COVID-19 pandemic has had a limited effect on CEZ Group, less than CZK 3 billion.
11. 8. 2020
CEZ Fund successfully sells its stake in CyberX – the Israeli start-up was bought by Microsoft
CEZ Group's investment fund INVEN CAPITAL has held the assets of the Israeli company CyberX, which specializes in the field of industrial cyber security, for 15 months when they received an offer not to be rejected. The products of the innovative start-up have attracted the attention of the American multinational company Microsoft, which has bought the full shares of all other investors. After last year's sale of the leader of home battery systems sonnen to the strategic investor Shell, this is another advantageous sale for INVEN CAPITAL during its five-year existence.
22. 6. 2020
CEZ Group earned CZK 14.2 billion in the first quarter, a year-on-year increase by 43%.
CEZ Group's net income in the first quarter of 2020 reached CZK 14.2 billion, a year-on-year increase by CZK 4.2 billion. Operating profit before write-offs (EBITDA) grew by 22% to CZK 25.9 billion. The significant increase in profit is mainly caused by the growth of realization prices of generated electricity in the Czech Republic due to multi-year pre-sales on wholesale markets in Germany and additional profits from commodity trading. The COVID-19 pandemic has had only a limited impact on CEZ Group and will not affect its operations until the next quarters.