Press releases pg. 47
The ČEZ Group earned CZK 14.5 Billion last year, which is up CZK 4 billion year-on-year
The CEZ Group’s earnings before interest, taxes, depreciation, and amortization (EBITDA) was CZK 60.2 billion, up 21% year-on-year. Net income increased by 38% to CZK 14.5 billion. The increase is mainly due to the rise in selling prices of the electricity generated in the Czech Republic thanks to the multi-year presales in the wholesale markets in Germany and also higher profit from commodities’ trading, which at end of year contributed to the significantly higher than expected profit of the ČEZ Group. Net income adjusted for extraordinary effects was CZK 18.9 billion.
17. 3. 2020
GE Hitachi Nuclear Energy and ČEZ Announce Small Modular Reactor Technology Collaboration in the Czech Republic
GE Hitachi Nuclear Energy (GEH) and ČEZ, a. s., an integrated electricity conglomerate, have entered into a Memorandum of Understanding through which the companies have agreed to examine the economic and technical feasibility of potentially constructing a BWRX-300 in the Czech Republic.
3. 2. 2020
ČEZ didn´t use the option
According to the 2013 agreement that put an end to the many years of disputes concerning coal deliveries from Vršanská uhelná, the Počerady power plant has been sold, effective 2 January 2024.
2. 1. 2020
Michaela Chaloupková and Martin Novák to Continue as Members of the Board of Directors ČEZ
The Supervisory Board of ČEZ confirmed at its session yesterday that Michaela Chaloupková, Administration Division Director, and Martin Novák, Finance Division Director, will continue their offices as members of the Board of Directors. Martin Novák’s next term of office will commence on 24 May 2020, while that of Michaela Chaloupková will begin on 1 January 2020. This will ensure continuity in key corporate management areas.