Press releases pg. 39

At the weekend, Unit 1 of Temelín NPP started to produce electricity again. Due to planned refueling, the operators shut Unit 1 down on March 26. The outage lasted for 56.5 days and took place in a strict covid regime. The technicians have daily tested on average five hundred workers during the outage. Together with the Dukovany power plant, all six nuclear units are currently in operation.

ČEZ has intensified its transition to future emission-free energy. This is in line with its strategy that primarily aims at transforming its production portfolio to low emissions by 2030, becoming carbon neutral by 2050, and offering the best energy solutions and customs experience in the market. Vision 2030, referred to as the Clean Energy of Tomorrow, confirms CEZ Group’s ambition to be a leader in sustainable development in the Czech Republic as well as in the entire Central Europe.

While Porsche’s electric models break one speed record after another around the world, the brand’s dealerships are also preparing for a new era in individual transport. The branch network of the Porsche Inter Auto Group in the Czech Republic is no exception: it will build facilities for its electromobility future with the assistance of ČEZ ESCO. The contract includes the construction and servicing of charging infrastructure at all Porsche branches of the Porsche Inter Auto CZ network of dealerships. The first was the Porsche dealership at Prague – Prosek, where Turbo charging stands run with the backing of a special battery store with a capacity of 320 kW.

The financial results for Q1 are in line with initial expectations; ČEZ Group confirms the full-year outlook for operating profit before depreciation (EBITDA) of CZK 57 to 60 billion and net profit adjusted for extraordinary items at CZK 17 to 20 billion. Operating profit before depreciation (EBITDA) in Q1 reached CZK 19.9 billion, down CZK 6 billion year-on-year. The year-on-year comparison was affected by specific temporary market effects of CZK 3.6 billion due to the revaluation of hedging contracts for production supplies, mainly due to last year's drop in commodity prices on wholesale markets in 2020 Q1 following the spread of the Covid-19 pandemic to Europe. In addition, in Q1 last year, ČEZ achieved a record profit from speculative trading in commodities of almost CZK 3 billion.