Press releases pg. 46
CEZ Group’s Net Income for 1-9/2020 at CZK 13.6 billion
CEZ Group’s EBITDA reached CZK 50.9 billion for the first three quarters of 2020, rising by 14% year on year. The growth in earnings can be attributed primarily to higher electricity selling prices in the Czech Republic as electricity was pre-sold in the wholesale market over the previous years and safe and stable operation of our nuclear power plants. Net Income reached CZK 13.6 billion, which is the same as last year. After extraordinary non-monetary adjustments, Net Income actually increased by 27% and Adjusted Net Income reached CZK 18.7 billion; this figure is the basis for the company’s dividend policy. A similar growth rate of 28% was recorded with Operating Cash Flow, which rose to CZK 52 billion. CEZ Group expects its EBITDA for the entire year of 2020 to reach CZK 64 billion; the currently estimated overall negative impacts of COVID-19 amount to some CZK 3 billion.
10. 11. 2020
ROLLS-ROYCE SIGNS MOU WITH CEZ FOR COMPACT NUCLEAR POWER STATIONS
Rolls-Royce and CEZ have signed a Memorandum of Understanding to explore the potential for compact nuclear power stations, known as small modular reactors (SMR), to be built in the Czech Republic.
9. 11. 2020
ČEZ Group is selling Romanian assets to Macquarie Infrastructure and Real Assets.
ČEZ Group has reached an agreement to sell its Romanian assets to funds managed by Macquarie Infrastructure and Real Assets (“MIRA”). The assets comprise of seven companies, including electricity distribution networks, energy supply and the Fantanele Cogealac wind park, among others. Transaction documentation was signed today. Closing of the transaction is subject to receiving approval from European antitrust authorities and the Romanian Supreme Council of National Defence.
23. 10. 2020
ČEZ and Vršanská Uhelná from the Sev.en Energy Group agreed on the transfer of the Počerady Power Plant at the end of this year, three years earlier than planned.
ČEZ Energy Group and Vršanská Uhelná from the Sev.en Energy Group have agreed that the Počerady Power Plant burning brown coal will be transferred to Vršanská Uhelná at a higher purchase price at the end of this year, as of December 31, 2020. The transfer of the power plant was already agreed in a contract from 2013, and was to take place on January 2, 2024. ČEZ is thus further fulfilling its strategy of gradually moving away from coal-fired power plants and switching to low-emission or completely emission-free sources.