Press releases pg. 24
ČEZ Shperndarje to Make Personnel Changes
The ČEZ Group decided to respond positively to the Albanian Government by staffing its positions in the Supervisory Board and the Board of Directors of ČEZ Shperndarje with independent experts from SCHINDLERS, a UK-based company with long-term experience in strategic negotiations. ČEZ expects this move to calm down the currently rather tense style of communication and to be instrumental in taking all the steps necessary to resolve the situation in Albania.
2. 10. 2012
ČEZ newly publishes its production process data on the EEX portal
The German-based energy exchange EEX has enlarged its platform "Transparency on Energy Markets" with the Czech Republic. Therefore, ČEZ, like numerous companies from Austria and Germany, is going to publish the availability of its resources, outage plans and downtimes on this platform from this date onwards. The aim of this is to present the production processes in a comprehensive way. Taking this step, the company meets the European directive REMIT, which has required producers to present these data since 28 December 2011.
16. 8. 2012
The ČEZ Group’s Net Profit Grew by 14% YoY Over the First Half of 2012, Reaching CZK 27.2 Billion
The sales generated by the ČEZ Group increased by CZK 9.4 billion (9%) year on year, and reached thus CZK 113 billion. Operating Profit Before Depreciation (EBITDA) increased by CZK 4.5 billion (10%) year on year to CZK 48.4 billion. The group's Net Profit rose by CZK 3.3 billion (14%) year on year to CZK 27.2 billion. The main factors that contributed to the profit growth were higher sale prices of electricity combined with a weaker crown, and a collection of past-due receivables from the Romanian State Railways. The full-year outlook remains unchanged - the ČEZ Group expects a higher Net Profit year on year at CZK 41 billion.
10. 8. 2012
ČEZ Group generates net profit of CZK 14.4 billion in first quarter of 2012
The CEZ Group’s year-on-year earnings increased by four billion crowns (7%) to attain a level of CZK 60.8 billion. Operating profit prior to depreciation (EBITDA) decreased year-on-year by CZK 0.3 billion (1%) to CZK 26.3 billion and net profit decreased by CZK 2.8 billion (16%) to CZK 14.4 billion. The main reason behind the year-on-year decrease in profit was the unfavourable tariff decision adopted by the Albanian regulator, combined with extraordinary derivative and exchange rate profits during the first quarter of 2011. Over the course of this year, the ČEZ Group expects to see a year-on-year increase in net profit to CZK 41 billion.