Press releases pg. 16
Two Thirds of CEZ Group´s 2022 Investments Went into Eligible and Taxonomy-aligned Activities; Despite the Energy Crisis, CO2 Emissions Fell by Almost 830,000 Tons
CEZ Group reduced Scope 1 greenhouse gas emissions by 4% last year, which corresponds to almost 830 thousand tons. The production of pollutants and waste was also reduced. Within the framework of the CEZ Group’s Clean Energy of Tomorrow strategy, investments in renewable energy and other environmental solutions also grew: two-thirds of all last year’s investments were directed to eligible and taxonomy-aligned activities. The most recent CEZ Group’s Sustainability Report 2022 covers over 480 various ESG indicators.
7. 6. 2023
Municipalities are starting to use Lighting for a Koruna with energy savings of up to 80 percent
Cities are also starting to use the Lighting for a Koruna project, which has become a hit in recent years, especially in small villages and larger municipalities. Thanks to this, ČEZ Energetické služby, a ČEZ ESCO subsidiary, has replaced energy-intensive public lighting fixtures with modern, energy-saving LEDs in Všeruby in the Pilsen Region and in Zlaté Hory in the Jesenice Region without burdening the city budget. Public lighting is a significant item in the budgets of towns and municipalities and its modernisation brings energy savings on an average of 80%. This is why councillors in more cities are now interested in the project.
6. 6. 2023
ČEZ Prodej has increased photovoltaic installations by more than 50 percent this year. Customers can now buy their PPP earlier, with a new battery and only a minimal upfront deposit
The market for rooftop photovoltaics in households is again growing this year. By the end of May, ČEZ Prodej had installed 50 percent more photovoltaic power plants than in the same period last year. After a series of bad experiences with unreliable PPP suppliers, customers are becoming more cautious and prefer to pay only minimal upfront deposits for installations. ČEZ Prodej is complying with client demands and now requires only a 10% deposit when signing a contract. ČEZ Prodej and the manufacturer OIG Power have together also introduced the new ČEZ Battery Box Queen hybrid battery system.
31. 5. 2023
In Q1, CEZ Group earned CZK 10.8 billion, almost 60 percent less year-on-year. The ČEZ Board of Directors proposes a record dividend of CZK 117 per share.
Its EBITDA in Q1 reached CZK 32.5 billion. The year-on-year decrease of CZK 11.1 billion was mainly due to extraordinary profits of over CZK 10 billion in 2022. This is due to the extreme increase and fluctuations in commodity prices following Russia's military invasion of Ukraine, the implemented liquidity measures and record profits from commodity trading last year. Net income in Q1 reached CZK 10.8 billion, a year-on-year decrease of CZK 15.9 billion. Beyond the decrease in operating profit, the newly introduced windfall profits tax of 60% had a major impact. CEZ Group specified its financial outlook for the entire year 2023: An EBITDA of CZK 105 to 115 billion and a net income of CZK 33 to 37 billion. The ČEZ Board of Directors approved the dividend proposal in a record amount of CZK 117 per share and set the date for the Annual Shareholder’s Meeting at June 26, 2023 in Prague. If the proposed dividend is approved by the Annual Shareholders’ Meeting, CEZ Group will pay more than CZK 100 billion to the Czech state this year in dividends, income taxes and levies from excessive production sales.