CEZ as banner

Earnings Calls

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