Press releases

Press releases extract filtering:
July 2015

INVEN CAPITAL, daughter-company of CEZ Group, invests in Sonnenbatterie, the German-based global leader in energy storage systems

INVEN CAPITAL, a company founded by the CEZ Group to invest in innovative energy solutions, has invested in Sonnenbatterie, a German company specialized in developing, manufacturing and selling battery based intelligent energy storage systems. Based in Bavaria, the company has developed a unique and reliable solution and has become a global leader in technologies for storing energy from solar panels and other renewable sources of energy for households and commercial clients. INVEN CAPITAL participated in a capital increase and joined Sonnenbatterie alongside with SET Ventures, Munich Venture Partners and eCAPITAL as a financial investor.

May 2015

Pavel Cyrani and Michaela Chaloupková confirmed as Board Members

The Supervisory Board of ČEZ, a.s., at its meeting held today, elected Pavel Cyrani and Michaela Chaloupková to another four year term as members of the Board of Directors, commencing as of this October. "With the approaching end of the original mandate of both top managers, the Company has made it clear that it plans to have them serve in their positions in the future as well. This will ensure their continuity in key areas of the company's management," explained the chairman of the Supervisory Board, Prof. Václav Pačes.

May 2015

ČEZ Not to Exercise Its Option to Sell Počerady Power Plant

The energy company ČEZ decided not to exercise its first option to sell the Počerady power plant to Vršanská uhelná a.s., a mining company from the Czech Coal group. ČEZ will still have another chance to sell the plant as of 2024 if it decides to do so.

May 2015

CEZ Group's Škoda Praha to supply coal block to Montenegro

Škoda Praha has won, in competition with nine companies, in a tender to select a supplier for a 250 MW block for a coal power plant in Pljevlja, Montenegro. The Czech solution offered the highest efficiency, availability and long-term knowledge in the sector. The value of the contract exceeds CZK 9 billion and will help restore the region's environment in accordance with European regulations.

May 2015

In Q1 2015, CEZ Group generated a profit of CZK 7.6bn and resolved to propose a dividend of CZK 40 per share.

Operating Profit Before Depreciation (EBITDA) for Q1 2015 reached CZK 19.1bn, Net Profit was recorded at CZK 7.6bn and the company’s market capitalization rose to CZK 335.2bn. CEZ Group met the initial expectations for the whole year, which expect EBITDA to reach CZK 70bn and Net Profit adjusted for extraordinary items at CZK 27bn.

March 2015

CEZ Group Exceeded the Expected Financial Results for 2014

Earnings before depreciation (EBITDA) reached 72.5 billion CZK in 2014, which is CZK 2 billion more than originally anticipated. This result was achieved in spite of unfavourable weather conditions and negative development in power sector regulations. Net profit adjusted for extraordinary influences reached CZK 29.5 billion. Market capitalization grew by CZK 35.3 billion to CZK 315.7 billion in 2014 and thus CEZ became the most valuable company in all of the new EU membership countries. Settlement agreement with Albania and the successful start of an ambitious savings program contributed to these good results. Thanks to active measures, the CEZ Group expects EBITDA to be approximately CZK 70 billion in 2015.

November 2014

Arbitration for Gacko was settled, CEZ obtained nearly EUR 7.5 million

The decision of arbitration panel about ČEZ’ claims in an arbitration initiated in 2009 on the grounds of breached contractual conditions in a project for the reconstruction of an old power plant and the construction of a new power plant of Gacko in Bosnia and Herzegovina was settled today. ČEZ received damages totalling approximately EUR 7.5 million in exchange for signing a share purchase agreement concerning joint holding company.

November 2014

CEZ Group Earned CZK 19.6 bn for Three Calendar Quarters of 2014

Over the first nine months of this year, the CEZ Group recorded CZK 147 bn in Operating Revenue, with its Operating Profit Before Depreciation (EBITDA) reaching CZK 54.7 bn and the Net Earnings ending at CZK 19.6 bn. Since all conditions precedent defined in the Settlement Agreement made with the Albanian Government have been fulfilled, the CEZ Group has raised its outlook for the all-year EBITDA to CZK 72.0 bn. The Albanian Government should gradually repay a total of EUR 100 million, with the installments being fully guaranteed by a renown European bank. ČEZ will thus obtain an amount close to the value of its original investment.

October 2014

Agreement with Albania Confirmed: Parties Fulfilled All Conditions Precedent; ČEZ to Obtain Nearly CZK 3 bn

On the premises of the Secretariat of the Energy Community in Vienna, the Parties mutually confirmed that all conditions precedent had been fulfilled; thus, the Settlement Agreement took effect as made between companies of the CEZ Group and Albania in June of this year. According to the Agreement, ČEZ is going to receive a total of EUR 100 million, an amount similar to its initial investment in acquiring the Albanian power distribution company.

September 2014

Changes in the Supervisory Board of ČEZ

At today's Supervisory Board of ČEZ session Petr Blažek resigned from his office of Supervisory Board member to September 29, 2014. At the same session the Supervisory Board of ČEZ co-opted Robert Šťastný as a new member of the Supervisory Board.