ČEZ Group’s net profit up to CZK 11.2bn

Published: 02.09.2019 Related countries:  Czech Republic Czech Republic

ČEZ Group posted a net profit of CZK 11.2bn for H1 2019, up 45% y/y.

 

ČEZ Group posted a net profit of CZK 11.2bn for H1 2019, up 45% y/y. Operating profit before taxes, depreciation and amortisation (EBITDA) totalled CZK 32.1bn (+ 19%). Daniel Beneš, ČEZ’s CEO and board chairman, said operating revenues reached CZK 100bn and increased by CZK 13.8bn. Electricity generation from traditional sources increased by 4% to 30.8 TWh. Nuclear sources produced 0.3 TWh more. New energy production reached 1.2 TWh (+ 19%). Investment in fixed assets increased by CZK 2.6bn to CZK 11.6bn. The largest amount (CZK 4.4bn) was invested in the distribution network in the Czech Republic. ČEZ anticipates net profit of CZK 17-19bn and EBITDA of CZK 57-59bn for 2019.

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