Press releases pg. 86
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.
16. 8. 2012
The ČEZ Group’s Net Profit Grew by 14% YoY Over the First Half of 2012, Reaching CZK 27.2 Billion
The sales generated by the ČEZ Group increased by CZK 9.4 billion (9%) year on year, and reached thus CZK 113 billion. Operating Profit Before Depreciation (EBITDA) increased by CZK 4.5 billion (10%) year on year to CZK 48.4 billion. The group's Net Profit rose by CZK 3.3 billion (14%) year on year to CZK 27.2 billion. The main factors that contributed to the profit growth were higher sale prices of electricity combined with a weaker crown, and a collection of past-due receivables from the Romanian State Railways. The full-year outlook remains unchanged - the ČEZ Group expects a higher Net Profit year on year at CZK 41 billion.
10. 8. 2012
ČEZ Has Selected a Financial Advisor for Its Coal Power Plant Divestments
ČEZ has selected Deloitte Advisory, s.r.o. as its financial advisor to assist in divesting its coal power stations. Potential buyers can from now on contact Deloitte to obtain all relevant information. ČEZ has already held negotiations with companies that had expressed their interest, namely Czech Coal and EPH. Nevertheless, ČEZ is going to define a final set of sale conditions at one time for all potential buyers.