CEZ Group Earned CZK 26.7 billion in Q1; Shareholders to Receive a Record-High Dividend Next Year
Operating Revenues increased by 29% year-on-year to CZK 76.0 billion and Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) by CZK 25.8 billion to CZK 43.7 billion. Net Income reached CZK 26.7 billion, up CZK 18.3 billion. The Q1 results reflect record-high profits from commodity trading in Western European markets, high operational reliability of power plants and enormous growth in commodity prices on wholesale markets. In addition, specific temporary effects of nearly CZK 8 billion were positive, but these will be eliminated during 2022. Nevertheless, CEZ Group raises its full-year EBITDA guidance to CZK 95 to 99 billion and Net Income adjusted for extraordinary effects to CZK 45 to 49 billion.
10. 5. 2022
ČEZ ESCO and LIBERTY to partner in the decarbonisation of LIBERTY Ostrava
• ČEZ ESCO and LIBERTY Steel Group have agreed a Declaration of Cooperation for the decarbonisation of the LIBERTY Ostrava steelworks.• The partners will identify and develop the renewable energy resources and hydrogen technologies required for Ostrava to become a GREENSTEEL producer.
4. 5. 2022
CEZ signs Pride Business Forum memorandum supporting the LGBT+ community
CEZ Group, whose headquarters is located on Prague's Rainbow (Duhová) Street, has signed a memorandum of the Pride Business Forum initiative, in which it commits to implementing the principles of LGBT+ diversity while creating a friendly and open work environment for all regardless of sexual orientation and gender identity. The company is planning, for example, meetings between employees and representatives of the LGBT+ community, as well as training aimed at eliminating various prejudices. At the beginning of this year, CEZ Group adopted a new diversity and inclusion policy. One of the first practical steps towards a more diverse and inclusive working environment was to adjust the rights of registered partners to the level of married couples.
21. 4. 2022
On Friday, ČEZ will shut down the Temelín Unit 1 as planned. The power plant technicians will perform checks and replace a part of the fuel assemblies
Safety system checks, six dozens of investment projects, replacement of a part of fuel assemblies, or replacement of an electricity generation part. These are just examples of the most important works during the Nuclear Power Plant Unit 1 planned outage. Overall, ČEZ plans to conduct almost sixteen thousand planned activities for two months.