Press releases pg. 15
CEZ Group earned CZK 8.3 billion in Q1; ČEZ Board of Directors proposes dividend of CZK 24 per share
CEZ Group’s EBITDA reached CZK 19.3 billion in Q1 2019, up 10% year-over-year. Net income increased by 14% to CZK 8.3 billion; net income adjusted for extraordinary events not related to ordinary business operations reached CZK 8.8 billion, up CZK 1.5 billion year-over-year. This growth in earnings can be attributed primarily to higher electricity selling prices and a greater amount of electricity generated by nuclear power plants. The Board of Directors is going to propose a dividend of CZK 24 per share at the General Meeting scheduled for June 26, 2019.
14. 5. 2019
CEZ Group Earned CZK 10.5 Billion in 2018, Expects Significantly Increased Net Income of CZK 17 to 19 Billion in 2019
CEZ Group’s operating revenues were CZK 184.5 billion in 2018, increasing by almost CZK 11 billion year-on-year in real terms. EBITDA was CZK 49.5 billion and net income adjusted for extraordinary effects generally unrelated to ordinary financial performance in the year was CZK 13.1 billion, in line with initial estimates. The year-on-year comparison of income was significantly affected by nonrecurrent effects that increased the 2017 net income by a total of CZK 7.5 billion, in particular a successful sale of shares in MOL. CEZ Group’s ambition for 2019 is to increase its EBITDA to CZK 57–59 billion and net income to CZK 17–19 billion.
19. 3. 2019
ČEZ Group Earned CZK 9 Billion for the First Three Quarters and Increased its Forecast of Net Income less Extraordinary Items to CZK 13–14 Billion
CEZ Group’s Operating Revenues for the first three quarters of 2018 reached CZK 129.3 billion, with EBITDA reaching CZK 38.7 billion and Net Income at CZK 9.1 billion. Net Income less extraordinary items that generally do not pertain to the ordinary business of the financial year reached CZK 11.3 billion. The year-on-year change of the income generated for the first three quarters was significantly influenced by nearly CZK 7 billion in one-off revenues in 2017, due in particular to the sale of MOL’s shares. In terms of its expected results for the whole year, CEZ Group has specified its expected EBITDA at CZK 50-51 billion and has increased its outlook for Net Income less extraordinary items to CZK 13-14 billion.
8. 11. 2018
ČEZ earned CZK 7.7 billion in 1H and confirms its annual outlook for net income of CZK 12–14 billion. ČEZ’s worth has increased by almost CZK 47 billion since the beginning of the year.
CEZ Group’s revenues amounted to CZK 86.3 billion, EBITDA was CZK 26.9 billion, and net income was CZK 7.7 billion in the first half of 2018. A year-on-year comparison of profits is significantly affected by non-recurrent revenue of almost CZK 7 billion in 2017, primarily the sale of MOL stock. Moreover, a significant increase in commodity prices adversely affected the income in the first half of 2018 due to temporary revaluation of hedges for the supplies of electricity from planned generation for the second half of 2018. CEZ Group’s real performance in the first half-year is thus in line with expectations and the Group confirms its estimate of adjusted net income of CZK 12 to 14 billion for the full 2018 year as well as its estimated EBITDA of CZK 51 to 53 billion.