Orano signs a contract with the Czech electric utility ČEZ for the supply of uranium enrichment services pg. 1

Sustainibility and ESG
Environment and renewable resources
Foreign activities
Economics and financial news

Inven Capital backs clean mobility via British zero-emission intercity transport start-up Ember

*Ember runs pro-customer intercity electric bus service in Scotland and is building its own charging network connected primarily to renewable sources
*Their unique technological platform effectively optimizes routing, recharging, maintenance, and customer service
*Ember started in 2020 with 2 electric buses between Edinburgh and Dundee, now they service over 20 towns with 24 vehicles
*CEZ Group will strengthen its expertise in low-carbon public transportation
*Transport produces approx. 20% of the world's CO2 emissions, almost half of which is passenger transport by road
CEZ Group's investment fund Inven Capital is expanding its portfolio of investments with the British start-up Ember, that takes a complex approach to ensuring emission-free intercity transport service. They combine ecological vehicles, on the development of which they actively cooperate with manufacturers, with their own charging infrastructure powered primarily by renewable resources, and unique tech platform, which optimizes routes, charging and vehicle utilization. Ember is not only looking to grow the fleet of all-electric buses connecting the cities of Edinburgh, Perth, Glasgow and Dundee, but is also considering expanding to other areas. In the investment round co-led by Inven Capital, Ember raised 11 million GBP from investors for further development.

26. 3. 2024

Economics and financial news

ČEZ Group has reached an agreement to acquire a 55.21% stake in the gas infrastructure operator GasNet

ČEZ Group announces the acquisition of a 55.21% stake in GasNet, the leading gas distribution infrastructure operator based in the Czech Republic. Natural gas, and later also hydrogen, will play a key role in the future development of the Czech economy. Through this acquisition, ČEZ Group is securing a strategic position in the transformation of the Czech heat generation industry and its transition away from coal-powered energy generation towards the natural gas and later hydrogen. The ownership stake being sold is currently managed by Macquarie Asset Management, acting on behalf of managed funds. The completion of the transaction is subject to approvals by the European Commission and the Czech Ministry of Industry and Trade.

21. 3. 2024

Economics and financial news

CEZ Group Earned CZK 29.6 bn in 2023, with 74% thereof from emission-free activities. It is the highest profit for the past 10 years, excluding the extraordinary year of 2022

Earnings before interest, taxes, depreciation and amortization (EBITDA) reached CZK 124.8 bn, down 5% year-on-year. We exceeded our initial ambitions, mainly thanks to additional gains from commodity trading and reliable nuclear power plant production. Net Profit reached CZK 29.6 bn. Adjusted Net Profit reached CZK 34.8 bn, and the dividend policy in place indicates a dividend of CZK 39 to 52 per share. In 2024, CEZ Group expects EBITDA of CZK 115 to 120 bn and Adjusted Net Profit at CZK 25 to 30 bn.

21. 3. 2024

Nuclear power plants

Orano signs a contract with the Czech electric utility ČEZ for the supply of uranium enrichment services

Orano has signed a contract with the Czech electric utility ČEZ, a.s., for the supply of uranium enrichment services. The enriched uranium, once transformed into fuel, will be used in its Dukovany nuclear power plant. The signing took place today during a trip by the President of the French Republic, Emmanuel Macron, to the Czech Republic to strengthen bilateral cooperation, particularly in civil nuclear power.

5. 3. 2024