CEZ as
PSE:CEZ

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CEZ as
PSE:CEZ
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Price: 1 278 CZK -0.16% Market Closed
Market Cap: 687.6B CZK

CEZ as
Investor Relations

Founded in 1992, ČEZ, a.s., stands at the forefront of the Czech Republic's energy market, casting a wide net that extends beyond its borders into several European countries. As a predominant electricity producer, ČEZ's core operations are intricately woven into the entire electricity supply chain. The company orchestrates the generation, distribution, and sale of electricity, along with heat production, making it a linchpin in the region's energy infrastructure. Its extensive portfolio includes nuclear, coal, hydroelectric, and renewable energy sources, showcasing a commitment to a diversified energy mix. Nuclear power, in particular, plays a central role in its generation capacity, with key plants like Temelín and Dukovany bolstering its supply stability. This diversified energy generation strategy ensures resilience and adaptability in a shifting energy landscape while aligning with the broader European regulatory trends on sustainability and emission reductions.

Profits flow primarily from electricity sales in the wholesale and retail markets, but ČEZ also capitalizes on strategic investments in energy innovation and sustainable technologies. The company's financial performance is further buttressed by its role as a utility provider, selling the energy it produces to households, businesses, and industries across Central and Southeastern Europe. In addition, through its subsidiaries, ČEZ has ventured into energy services, aiming to optimize energy consumption for its clients. This includes initiatives in energy efficiency and tailored services, aligning with global trends toward digitalization and sustainability. Such diversification not only shields ČEZ from fluctuations in energy prices but also positions it as a forward-thinking entity in the European energy sector. This multifaceted approach underpins its revenue streams and fosters resilience in an industry characterized by rapid change and regulatory pressures.

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CEZ
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Last Earnings Call
Fiscal Period
Q2 2023
Call Date
Aug 10, 2023
AI Summary
Q2 2023

EBITDA Growth: EBITDA rose 5% year-on-year to CZK 62.4 billion, despite headwinds from taxes and levies.

Net Income Decline: Net income dropped by 34% to CZK 22.3 billion, mainly due to a new windfall tax.

Guidance Maintained: CEZ kept its full-year 2023 guidance unchanged for both EBITDA (CZK 105–115 billion) and adjusted net income (CZK 33–30 billion).

Dividend Record: Shareholders approved a record dividend of CZK 145 per share, paid August 1.

Segment Trends: Power generation benefited from higher prices but was offset by government levies and lower trading results. Mining EBITDA jumped on higher coal prices despite lower volumes.

Restructuring & M&A: Management confirmed interest in GasNet but said there are no immediate plans for company breakup or restructuring.

Market Conditions: Management noted lower market liquidity and volatility, but said hedging and forward sales remain unaffected for CEZ.

Key Financials
EBITDA
CZK 62.4 billion
Net Income
CZK 22.3 billion
Adjusted Net Income
CZK 22.5 billion
Dividend per Share
CZK 145
Trading EBITDA
CZK 5.2 billion
Earnings Call Recording
Other Earnings Calls
2023
2022

Management

Engineer Daniel Benes MBA
Chairman & CEO
No Bio Available
Engineer Pavel Cyrani MBA
Vice Chairman, Deputy CEO of Strategic Development and Chief Sales & Strategy Officer
No Bio Available
Engineer Martin Novak MBA
CFO, Deputy CEO of Operations & Executive Director
No Bio Available
Ju Dr. Michaela Chaloupkova MBA
Chief Administration Officer & Executive Director
No Bio Available
Ms. Barbara Seidlova
Head of Investor Relations
No Bio Available
Mr. Tomas Pleskac MBA
Deputy CEO of New Energy, Chief of the New Energy Division & Executive Director
No Bio Available
Mr. Bohdan Zronek
Chief of the Nuclear Energy Division & Executive Director
No Bio Available
Ludek Horn
Head of Front Office
No Bio Available
Engineer Jan Kalina
Chief of the Renewable & Traditional Energy Division and Executive Director
No Bio Available
Mr. Zdenek Zábojník
Investor Relations
No Bio Available

Contacts

Address
PRAHA
Praha
Duhova 2/1444, Praha 4
Contacts
+420211041111.0
www.cez.cz