Press releases pg. 4
ČEZ Group earned over CZK 80 billion in 2022, will pay more than CZK 100 billion to the Czech State this year
Operating profit before depreciation (EBITDA) reached CZK 131.6 billion in 2022 and a net profit of CZK 80.7 billion. The significant year-on-year increase reflects the enormous rise in prices as a result of the Russian invasion of Ukraine, the record profit from commodity trading on foreign markets and the high operational reliability of ČEZ power plants. In addition, the ČEZ Group contributed to resolving the energy crisis and proved that it is a reliable, socially responsible partner. In 2023, it will pay more than CZK 100 billion to the Czech State in dividends, income taxes and levies on production sales. The economic outlook for 2023, including newly introduced taxation, was already published by ČEZ Group in February: EBITDA in the amount of CZK 105 to 125 billion and net profit adjusted for extraordinary effects of CZK 30 to 40 billion.
21. 3. 2023
ČEZ initiated arbitration against Gazprom
Yesterday, 8 February 2023, ČEZ, a. s. formally initiated arbitration proceedings against Gazprom export LLC by submitting a Request for Arbitration under the rules of the International Chamber of Commerce (ICC).
9. 2. 2023
CEZ Group will transfer more than CZK 100 billion to the state this year in order to help reduce consumer energy prices
Today, CEZ published the outlook for CEZ Group's financial performance for 2023, including an indication of total levy to the Czech state reflecting the tax measures approved last year to address the energy crisis. In addition to the regular income tax, CEZ Group's net profit will be affected by two legislative measures, namely a levy on excess sales of production and a windfall tax of 60% of the difference between the tax base and the average tax base in 2018-2021 increased by 20%.
2. 2. 2023
Czech Republic: EIB to finance modernisation of ČEZ's distribution grid and connection of new renewable energy sources with a record-breaking loan of €790 million
• The €790 million in financing by the EIB will help the Czech national utility company ČEZ upgrade and expand the country’s electricity distribution grid.
• The loan will promote the Czech Republic’s energy independence by enabling ČEZ to connect around 2.2 GW of new renewable energy sources. • The financed investments will help provide a more reliable electricity supply for businesses and households across the Czech Republic. • The operation is the biggest EIB loan for the Czech Republic signed to date.