Orano signs a contract with the Czech electric utility ČEZ for the supply of uranium enrichment services pg. 30
CEZ and MOL created strategic alliance focusing on gas-fired power generation
Prague, December 20, 2007 - Today, leading European energy companies CEZ (Czech Republic) and MOL (Hungary) created a strategic alliance and signed a joint venture agreement.
20. 12. 2007
The ČEZ Group raised the estimation of this year’s consolidated profit to CZK 42.6 billion, for the next year they expect the profit of CZK 46.6 billion.
At the same time the power company ČEZ decided to increase the dividend payment. From now 50 to 60 percent of the CEZ Group net profit should be allocated to dividends. So far it was 40 to 50 percent.
ČEZ temporarily suspends buy-back of share starting from Christmass holidays.
20. 12. 2007
Foreign activities significantly contribute to the economic results of entire CEZ Group
In the first three quarters of 2007, foreign companies of CEZ Group interannually increased their share in the operating profit before interest, tax, depreciation and amortization by 300 million CZK, thus contributing 4.3 billion CZK in total. Now, they comprise 8 % of the CEZ Group economic results.
29. 11. 2007
CEZ performed re-financing of Elcho power plant company
CEZ power engineering company performed as of 31. 10. 2007 re-financing of the Polish Elcho power plant company to bring it in a better accordance with the long-term financial strategy of the CEZ Group and also to support the synergic effects in the form of financing costs savings.