Full Year 2024 CEZ as Earnings Call Transcript

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Mar 13, 2025

Mar 13, 2025 / 03:00PM GMT
Barbara Seidlova - CEZ as - Investor Relations

Hello, everyone, and welcome to CEZ's financial results 2024 results conference call. It's my pleasure to welcome Martin Novak, Chief Financial Officer; and Pavel Cyrani, Chief Sales and Strategy Officer, who will walk you through the presentation, and then we will have time for question and answers.

I'm now handing over to Martin.

Martin Novak - CEZ as - Chief Financial Officer, Member of the Management Board

Thank you. Good afternoon and good morning, everybody. I will go through first two sections of the presentation. So when we look at slide 3, you can see actually, our EBITDA and net income results for 2024 there compares to our guidance from November 12. We actually increased real numbers significantly. So we achieved CZK137.5 billion EBITDA and CZK38.1 billion adjusted net income.

The reasons that actually led to higher EBITDA than originally expected in November are coming [in part]. One is actually Generation segment, which is plus CZK5 billion. The main reasons are actually listed on the

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