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CEZ as (CEZP.PR)

CEZP.PR on Prague Stock Exchange

556.50CZK
21 Aug 2018
Change (% chg)

5.50Kč (+1.00%)
Prev Close
551.00Kč
Open
551.00Kč
Day's High
557.00Kč
Day's Low
548.50Kč
Volume
273,214
Avg. Vol
288,336
52-wk High
590.00Kč
52-wk Low
412.70Kč

Latest Key Developments (Source: Significant Developments)

CEZ Q2 profit falls sharply, confirms FY outlook
Tuesday, 7 Aug 2018 

Aug 7 (Reuters) - CEZ as ::CEZ H1 NET PROFIT CZK 7.7 BILLION.CEZ EXPECTS FY 2018 ADJUSTED NET INCOME CZK 12-14 BILLION (PREVIOUS FORECAST CZK 12-14 BILLION).CEZ EXPECTS FY 2018 EBITDA CZK 51-53 BILLION (PREVIOUS FORECAST CZK 51-53 BILLION).CEZ SAYS EXPECTS FY 2018 TRADITIONAL ENERGY PRODUCTION AT 62.3 TWH (PREVIOUS 62.1 TWH).CEZ SAYS HAS PRE-SOLD 77 PERCENT OF 2019 OUTPUT AT AVERAGE PRICE EUR 32.8 PER MWH (PREVIOUS 71 PERCENT AT 31.5/MWH).CEZ SAYS HAS PRE-SOLD 48 PERCENT OF 2020 OUTPUT AT AVERAGE PRICE EUR 36.1 PER MWH (PREVIOUS 40 PERCENT AT 34.5/MWH).CEZ Q2 ADJUSTED NET PROFIT CZK 0.6 BILLION VERSUS CZK 2.41 BILLION IN REUTERS POLL.CEZ Q2 EBITDA CZK 9.4 BILLION VERSUS CZK 12.01 BILLION IN REUTERS POLL.CEZ Q2 REVENUE CZK 40.90 BILLION VERSUS CZK 44.43 BILLION IN REUTERS POLL.CEZ SAYS EBITDA IMPACTED CZK 1.2 BILLION BY RISING ELECTRICITY PRICES ON REVALUATION OF CONTRACTS HEDGING PRODUCTION WITH DELIVERIES IN H2, WILL BE COMPENSATED IN H2 WHEN DELIVERIES WILL BE REALISED AT PRICES HIGHER THAN VALUE OF HEDGING CONTRACTS.  Full Article

Czech nuclear watchdog clears Dukovany Units 3 and 4 for further operation
Tuesday, 19 Dec 2017 

Dec 19 (Reuters) - Cez As ::CZECH NUCELAR WATCHDOG CLEARS CEZ'S DUKOVANY NUCLEAR POWER PLANT UNITS 3 AND 4 FOR FURTHER OPERATION.  Full Article

CEZ's ESCO unit targets expansion in Germany, Poland and Romania
Friday, 1 Dec 2017 

Dec 1 (Reuters) - Cez As ::CEZ SAYS ESCO UNIT AIMS TO EXPAND IN GERMANY, POLAND AND ROMANIA.CEZ SAYS ESCO UNIT COULD ANNOUNCE FURTHER ACQUISITION IN POLISH MARKET IN COMING DAYS.  Full Article

CEZ files documents for environmental assessment of possible nuclear expansion
Monday, 13 Nov 2017 

Nov 13 (Reuters) - CEZ As :CEZ, 70 pct state-owned, says has asked for environmental impact assessment for expansion of Dukovany nuclear power plant.Says on Monday handed over to Environment Ministry documents based on earlier ministry recommendations .Step in line with national energy strategy; preparatory work for potential decision on the plant's expansion.No decision has been made on financing of potential 1-2 new units that would replace current 4 units after 2035.CEZ has said it would not build new units without government guarantees; government has so far refused financial backing.Government considering several options how to proceed, including taking over CEZ's nuclear and coal assets nL5N1M2423.  Full Article

CEZ CFO confirms dividend policy after Q3 results
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Cez As :CEZ Chief Financial Officer Martin Novak, in interview with news agencies after Q3 results, says on dividend, payout ratio of 60-100 percent of adjusted net income stays in place.Cez cfo says sees no material impact in q4 from major wind storm in late-october.Cez cfo says 2019 average price in hedging should grow higher than 2018 prices, by "a few euros".Cez cfo says on bulgarian asset sale, negotiations still ongoing with several parties.Cez cfo says would still look at m&a in 'old energy' sources, always matter of price.Cez cfo says to finish by end of year rough idea on strategic opportunities related to possible company split, next steps up to future czech government.Q3 results story: nL5N1ND1RX.  Full Article

CEZ Q3 net profit falls, confirms FY outlook
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Cez As :Cez 9m adjusted net profit czk 17.3 billion.Cez says expects fy 2017 ebitda czk 52 billion (previous outlook czk 53 billion).Cez confirms expects fy 2017 adjusted net income czk 19 billion.Cez q3 adjusted net profit czk 0.3 billion versus czk 0.79 billion seen in reuters poll.Cez says has pre-sold 81 percent of 2018 output at average price eur 30.0 per mwh.Cez says has pre-sold 57 percent of 2019 output at average price eur 29.5 per mwh.Cez says has pre-sold 26 percent of 2020 output at average price eur 33.0 per mwh.Cez q3 revenue czk 45.85 billion versus czk 45.45 billion seen in reuters poll.Cez q3 attributable net profit czk -0.21 billion versus czk 0.81 billion seen in reuters poll.  Full Article

CEZ sells Varna power plant to Bulgaria's SIGDA OOD
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - CEZ As :CEZ says it sells its power plant in Varna to Bulgaria's SIGDA OOD.CEZ says final price will be determined as of closing of the transaction which is subject to approval of the Bulgarian competition watchdog CPC.  Full Article

CEZ to re-launch production at Temelin unit 2 next week
Saturday, 29 Jul 2017 

July 29 (Reuters) - Cez As :says to re-launch electricity production at Temelin unit 2 during next week.says re-started reactor overnight, undertaking tests.CEZ market transparency website shows capacity available from July 31, full capacity from Aug 5.CEZ took the around 1,000 MW unit offline in mid-May with planned outage of almost three months .CEZ on Friday halted production at the 800-megawatt Detmarovice power plant due to a fire in a sulphur absorber at the hard-coal fired facility nL5N1KJ523.  Full Article

CEZ's Esco unit completes acquisition of AZ Klima
Monday, 3 Oct 2016 

Cez As : says CEZ Esco unit completed acquisition of AZ Klima from Genesis Private Equity Fund II and other shareholders . now 100 percent owner of the mechanical, electrical, and plumbing services firm Further company coverage: [CEZP.PR] ((jason.hovet@thomsonreuters.com;)).  Full Article

CEZ says restart of Temelin unit 2 will be delayed by several days
Thursday, 1 Sep 2016 

: CEZ says start of nucelar plant Temelin Unit 2 will be delayed by several days . The over 1,000 MW Temelin unit 2 was due to restart on Thursday; delay due to safety valve repair Further company coverage: [CEZP.PR] ((prague.newsroom@thomsonreuters.com; +420 224 190 477;)).  Full Article

UPDATE 1-CEZ says plunge in second quarter profit marks bottom of cycle

PRAGUE, Aug 7 Czech power producer CEZ partly blamed exceptional gains a year ago for a collapse in its second-quarter net profit on Tuesday and said its business should now start to pick up as prices are on the rise.