Aug 08, 2024 / 02:00PM GMT
Unidentified Company Representative -
Hello, everyone and welcome on First Half 2024 Results Call of CEZ Group. Itâs my pleasure to welcome Martin Novak, Chief Financial Officer, who will go through the presentation. And I also have Ludek Horn, Head of Trading, with me who will be also available for the Q&A part.
Now Iâm handing over to Martin to go through the presentation.
Martin Novak - CEZ as - Chief Financial Officer, Member of the Management Board
Good afternoon. Good morning, everybody. So, letâs start with the financial highlights and our full year outlook. As you can see on Slide number 3, our EBITDA has grown by CZK6.8 billion to CZK69.2 billion, or 11%. Net income has reached CZK21.1 billion, which is 5% growth last yearâs numbers.
Operating cash flow is negative by almost 50%. This is due to margin -- basically margins that were paid to the market due to higher prices in 2022 and that were actually coming back in 2023. So that is the main effect actually of very high operating cash flow in 2023, where the margins were actually coming
Q2 2024 CEZ as Earnings Call Transcript
Aug 08, 2024
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