Press releases

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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.

26
April 2018

Proposal of dividend from profit of 2017: CZK 33 per share

Board of Directors of power company ČEZ today decided about proposal of dividend from profit of 2017 to be presented to General Meeting of Shareholders – 22.6.2018.

19
April 2018

Outage of NPP Dukovany Unit four ends this weekend

Preparations for connecting the Production Unit 4 back to distribution grid are under way at NPP Dukovany. The unit has been temporarily shut down seven days ago due to pipe inspections in the secondary circuit of the steam generator. The same controls will be also carried out on Units 3 and 1. The fourth unit will begin producing electricity during the weekend.

20
March 2018

CEZ Earned CZK 19 Billion for Shareholders in 2017

In 2017, CEZ Group’s net income increased by 30% to CZK 19.0 billion, primarily due to a successful sale of MOL stock and an increase in electricity generation by nuclear power plants by 4 TWh. Earnings before interest, taxes, depreciation and amortization (EBITDA) were CZK 53.9 billion. The year-on-year decrease by 7% basically conforms to the decrease of realization prices of generated electricity. The positive effects of higher electricity generation in nuclear power plants and the benefits of new RES and ESCO acquisitions were eliminated by higher costs of emission allowances for generation from traditional sources and settlement of uninvoiced electricity in 2016.

9
March 2018

Inercom and CEZ finished this weeks round of negotiations

Negotiations between CEZ and Inercom about fulfilling the contract condition took place from Tuesday March 6th and finished this Friday. The main purpose of the meetings was preparation of documents for the application to the Bulgarian anti-monopoly office (KZK). During the negotiations, representatives of Inercom also presented an official enquiry, if in the current situation there exists a possibility for the Bulgarian state to enter into the transaction.

2
March 2018

Temelín's Unit 1 restored electricity production

Tonight, the Temelín Unit 1 began to produce electricity again. It was scheduled shut down for refueling from early December. The outage lasted 83 days and the energy technicians mastered it six days earlier against the schedule. Prior to achieving full power, the energy technicians are about to test the Unit at 80 percent of the rated power.

22
February 2018

Governing Bodies of CEZ Approved Contract to Sell Its Bulgarian Assets to Inercom Bulgaria

The CEZ Supervisory Board has granted consent to the sale of the Bulgarian assets to Inercom. The package contains seven companies: CEZ Bulgaria, CEZ Elektro Bulgaria, CEZ Razpredelenie, CEZ Trade Bulgaria, CEZ ICT Bulgaria, Free Energy Project Oreshetz and Bara Group. Following interest of investors in the second half of 2016, CEZ Group started the sales process, the signing of the contract is expected in a few days. Taking into account the sales price, the Group’s fourteen-year-investments in its Bulgarian operations yielded an overall positive return. The international arbitration, which CEZ initiated against the Republic of Bulgaria in July 2016, is not affected by the transaction and ČEZ continues to proceed with it.

14
February 2018

Inven Capital is changing its legal form to meet the EIB’s condition for EUR 100 million co-investment

Inven Capital, the investment fund of the CEZ Group, has changed its legal form from a closed-end investment fund to a variable-capital joint-stock company (SICAV). With this step, the company fulfills the condition of the European Investment Bank for creation of a joint investment initiative to support the growth of small and medium-sized enterprises in the clean energy and smart technologies sectors. The agreement on co-financing was signed by both parties in mid-December in Prague. The joint investments shall amount to EUR 100 million.

30
January 2018

CEZ’s Wind Power Plants in Germany Generated Power for 90,000 Households Last Year

Prague, 30. January 2018 – CEZ Group wind farms operated in Germany generated nearly 270 million kWh of power in 2017. The Group owns 53 wind turbines in Germany, with their installed capacity totaling some 135 MW.

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