Press releases pg. 14
CEZ Group earned CZK 13.6B in the first three quarters — 49% year-over-year growth
CEZ Group’s net income rose by 49% to CZK 13.6 billion for the first three quarters of 2019, and its EBITDA reached CZK 44.7 billion, recording a 16% year-over-year growth. These increases can be attributed in particular to growing electricity selling prices and higher profits from commodity trading. Net income after extraordinary items reached CZK 14.7 billion.
12. 11. 2019
INVEN CAPITAL invests in German company Zolar, a leader in digital solutions for rooftop photovoltaic systems.
INVEN CAPITAL, the CEZ Group’s investment fund that seeks out promising projects on the European energy start-up market, has acquired a minority share in German innovation company Zolar. This company provides digital solutions for rooftop photovoltaic installations and combined photovoltaic and battery systems. In addition to Inven Capital, BayWa r.e. Energy Ventures participated in this round of investment with a total volume of EUR 10 million. The existing investors Heartcore Ventures, Statkraft Ventures and Partech Ventures likewise increased their shares.
9. 9. 2019
CEZ launched market sounding to divest its assets in Romania
Today, CEZ officially launched the divestment process in Romania. The interest confirmed in writing by the potential investors will be followed by an invitation to submit non-binding offer. CEZ is considering selling seven companies in Romania, keeping only those engaged in energy services (ESCO) activities and part of trading. These steps are in line with CEZ Group's new strategy.
9. 9. 2019
CEZ Group Earned CZK 11.2 Billion in H1, Up 45 Percent Year-on-Year
CEZ Group’s H1 operating income before tax (EBITDA) was CZK 32.1 billion, up 19% year-on-year. Net income increased by 45% to CZK 11.2 billion. The increase is primarily due to increased realization prices of generated electricity and higher revenue from commodity trading. Net income adjusted for extraordinary effects was CZK 12.0 billion.