Press releases

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8
November 2018

ČEZ Group Earned CZK 9 Billion for the First Three Quarters and Increased its Forecast of Net Income less Extraordinary Items to CZK 13–14 Billion

CEZ Group’s Operating Revenues for the first three quarters of 2018 reached CZK 129.3 billion, with EBITDA reaching CZK 38.7 billion and Net Income at CZK 9.1 billion. Net Income less extraordinary items that generally do not pertain to the ordinary business of the financial year reached CZK 11.3 billion. The year-on-year change of the income generated for the first three quarters was significantly influenced by nearly CZK 7 billion in one-off revenues in 2017, due in particular to the sale of MOL’s shares. In terms of its expected results for the whole year, CEZ Group has specified its expected EBITDA at CZK 50-51 billion and has increased its outlook for Net Income less extraordinary items to CZK 13-14 billion.

5
November 2018

INVEN CAPITAL is the biggest investor in tado°, the leader in smart thermostats, alongside such global giants as Amazon and Siemens.

INVEN CAPITAL, CEZ Group’s investment fund investing in promising technology companies in the “new energy” sector, became the biggest shareholder in tado°, the Germany-based leader in the European smart thermostat market. It did so in another round of capital increase with a total volume of EUR 43 million, with participants including “big shots” such as Amazon and Total Energy Ventures. This is INVEN CAPITAL’s third investment made under a joint project with the European Investment Bank (EIB).

5
November 2018

INVEN CAPITAL and the European Investment Bank report completing another joint investment, increasing its share in the successful innovative company Cloud&Heat.

INVEN CAPITAL, CEZ Group’s investment fund seeking opportunities in the “new energy” sector, has increased its stake in German company Cloud&Heat Technologies. The Dresden-based expert provides unique solutions utilizing heat from servers for heating and hot water for commercial premises. This is also the second investment made under a joint project with the European Investment Bank (EIB). The first one was investment in French technology company Cosmo Tech in September. INVEN CAPITAL has already made a total of seven investments in the “new energy” sector.

24
September 2018

Temelín's Unit 2 produces electricity again

On Saturday at 20:15 o'clock, the Unit 2 of Temelín NPP restored the electricity production. Its turbine generator was disconnected from the transmission network for two days during which the plant's technicians worked on the condenser in the non-nuclear part of the plant. Currently, the Unit's output is at full power level.

11
September 2018

INVEN CAPITAL and the European Investment Bank are making their first joint investment. Their joint fund is acquiring a stake in a company specializing in the optimization of critical infrastructure management.

INVEN CAPITAL, CEZ Group’s investment fund seeking opportunities in the “new energy” sector, has acquired a stake in the French company Cosmo Tech. This is the first new investment made under a joint project with the European Investment Bank (EIB). Together, it is the fund’s seventh investment in the new energy sector.

30
August 2018

Temelín's Unit 2 restored electricity production

Today at 1:18 am, the Unit 2 of Temelín NPP started to produce electricity. It was shutdown for refueling from the beginning of June 29. The outage lasted 61 days and the power plant technicians replaced during it one third of fuel, checked safety systems and made several tens of modernizations. Altogether, the outage schedule comprised over 13 thousand activities. Prior to achieving full power, the power plant technicians are about to test the Unit at 80 percent of the reactor rated power.

7
August 2018

ČEZ earned CZK 7.7 billion in 1H and confirms its annual outlook for net income of CZK 12–14 billion. ČEZ’s worth has increased by almost CZK 47 billion since the beginning of the year.

CEZ Group’s revenues amounted to CZK 86.3 billion, EBITDA was CZK 26.9 billion, and net income was CZK 7.7 billion in the first half of 2018. A year-on-year comparison of profits is significantly affected by non-recurrent revenue of almost CZK 7 billion in 2017, primarily the sale of MOL stock. Moreover, a significant increase in commodity prices adversely affected the income in the first half of 2018 due to temporary revaluation of hedges for the supplies of electricity from planned generation for the second half of 2018. CEZ Group’s real performance in the first half-year is thus in line with expectations and the Group confirms its estimate of adjusted net income of CZK 12 to 14 billion for the full 2018 year as well as its estimated EBITDA of CZK 51 to 53 billion.

28
June 2018

On Friday evening, ČEZ shuts down Temelín's Unit 2 as scheduled. The reasons are the equipment inspections and refuelling

Refuelling, checks of the turbine and of the safety systems and the reconstruction of the circulation cooling water piping. These are only examples of the most important works to be done during the Unit 2 outage. Overall, the technicians plan to do over ten thousand actions and, above all, they want to do it within two months.

10
May 2018

ČEZ Earned CZK 7.3bn in Q1 2018
ČEZ’s Value Has Increased by Nearly CZK 38bn Year to Date

CEZ Group’s Net Income for Q1 2018 reached CZK 7.3bn, with EBITDA at CZK 17.5bn. The year-on-year decline by CZK 1.5bn is due to one-off revenue from the settlement agreement made with Sokolovská uhelná in 2017, and also due to lower selling prices of power generated by traditional sources and to the lower production of the Počerady steam-gas power plant due to more favorable spot prices of power and gas in 2017. CEZ Group confirmed its expected EBITDA for 2018 to range between CZK 51bn and 53bn, with the yearly Adjusted Net Income to reach CZK 12-14bn.

2
May 2018

Elevion Group to Deliver Central Energy Systems for Munich

The German Elevion Group, a member of CEZ Group, will deliver complete central energy systems for combined electricity, heat, and cold generation for BMW Group’s headquarters and production facilities in Munich. The delivery should be completed in the second half of this year.

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