Press releases pg. 26
CEZ Group’s Net Profit Up by 27% for the First Three Quarters of 2012, Reaching CZK 33.4 Billion
CEZ Group’s Total Sales grew by nearly CZK 12 billion year on year (up by 8%), reaching CZK 162.5 billion. Operating Profit Before Depreciation (EBITDA) rose by CZK 2.3 billion year on year (up by 4%), reaching CZK 64.7 billion. The Net Profit increased by CZK 7 billion year on year (up by 27%) to CZK 33.4 billion. The main cause of the profit growth was a greater volume of power generated in nuclear power plants, growing volume of energy generated by the Romanian wind parks, and extraordinary financial expenses in 2011. On the other hand, there was a negative impact of the developments in Albania, where our agreement on the gradual standardization of regulatory conditions was not honored by the Albanian regulatory authority and the Government.
8. 11. 2012
Market Test Results Confirm the Settlement Agreement between ČEZ and the European Commission
Comments made by third parties under the market test have shown no need to materially change the commitments proposed by ČEZ to the European Commission in June this year. Under the Settlement Agreement, ČEZ undertakes to sell one of five specific power plants with an installed capacity of at least 800 MW. The European Commission can be expected to make its final and legally binding decision in the matter in late November.
8. 10. 2012
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.