Press releases pg. 20
In Q1 2015, CEZ Group generated a profit of CZK 7.6bn and resolved to propose a dividend of CZK 40 per share.
Operating Profit Before Depreciation (EBITDA) for Q1 2015 reached CZK 19.1bn, Net Profit was recorded at CZK 7.6bn and the company’s market capitalization rose to CZK 335.2bn. CEZ Group met the initial expectations for the whole year, which expect EBITDA to reach CZK 70bn and Net Profit adjusted for extraordinary items at CZK 27bn.
12. 5. 2015
CEZ Group Exceeded the Expected Financial Results for 2014
Earnings before depreciation (EBITDA) reached 72.5 billion CZK in 2014, which is CZK 2 billion more than originally anticipated. This result was achieved in spite of unfavourable weather conditions and negative development in power sector regulations. Net profit adjusted for extraordinary influences reached CZK 29.5 billion. Market capitalization grew by CZK 35.3 billion to CZK 315.7 billion in 2014 and thus CEZ became the most valuable company in all of the new EU membership countries. Settlement agreement with Albania and the successful start of an ambitious savings program contributed to these good results. Thanks to active measures, the CEZ Group expects EBITDA to be approximately CZK 70 billion in 2015.
3. 3. 2015
CEZ Group Earned CZK 19.6 bn for Three Calendar Quarters of 2014
Over the first nine months of this year, the CEZ Group recorded CZK 147 bn in Operating Revenue, with its Operating Profit Before Depreciation (EBITDA) reaching CZK 54.7 bn and the Net Earnings ending at CZK 19.6 bn. Since all conditions precedent defined in the Settlement Agreement made with the Albanian Government have been fulfilled, the CEZ Group has raised its outlook for the all-year EBITDA to CZK 72.0 bn. The Albanian Government should gradually repay a total of EUR 100 million, with the installments being fully guaranteed by a renown European bank. ČEZ will thus obtain an amount close to the value of its original investment.
12. 11. 2014
CEZ Group Earns CZK 17.2 Billion in H1 2014
CEZ Group’s operating revenues amounted to CZK 101.7 bn in H1 2014. Its EBITDA achieved CZK 39.9 bn and net income was CZK 17.2 bn. The year-on-year drop reflects continually worsening conditions in the energy business, decreasing wholesale electricity prices, as well as this year’s extraordinarily warm and dry winter. CEZ Group tries to counterbalance those effects by cuts in fixed costs and by additional business opportunities.