Q4 2021 CEZ as Earnings Press Conference Transcript
Dear ladies and gentlemen, welcome to the conference call of CEZ. At our customer's request, this conference will be recorded. (Operator Instructions)
I now hand you over to Barbara Seidlová. Please go ahead.
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Hello, everyone, and welcome at our regular quarterly conference call today on 2021 results and the outlook for 2022. The presentation will be given by Martin Novák, Chief Financial Officer; and Pavel Cyrani, Chief Sales and Strategy Officer.
Now I'm handing over to Martin to start.
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Thank you. So good afternoon, good morning, everybody. Let me start with financial highlights of 2021.
On the first slide, you can see that our operating revenue increased by 7%. EBITDA decreased slightly by 2% year-on-year. Net income is 81% higher. Adjusted net income is 3% lower, meaning basically flat. It reached CZK 22.3 billion. Market capitalization
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