Q1 2025 CEZ as Earnings Call Transcript
Key Points
- CEZ AS (XPRA:CEZ) reported a 7% year-on-year increase in operating revenue, reaching 93.4 billion Czech crowns.
- The company's EBITDA also improved by 7%, reaching 43 billion Czech crowns.
- CEZ AS (XPRA:CEZ) successfully disposed of its Polish power plants, achieving a profit of 1 billion Czech crowns.
- The company signed a contract with the Czech government to transfer 80% of shares in a new nuclear project, which will not impact its balance sheet with future debt.
- CEZ AS (XPRA:CEZ) proposed a dividend of 47 Czech crowns per share, representing 80% of adjusted net income, indicating strong financial health.
- Net income declined by 6% compared to the first quarter of 2024, reaching 12.8 billion Czech crowns.
- CapEx saw a slight decline of 6%, reaching almost 7 billion Czech crowns.
- The company faced a negative impact of 5.5 billion Czech crowns due to declining power prices.
- Depreciation and amortization increased by 66%, driven by accelerated depreciation of coal assets and inclusion of gasnet.
- The generation segment experienced a decline of 5.5 billion Czech crowns, mainly due to price effects and lower output from renewables.
Pleasure to welcome Martin Nova and Pavel Seani, who will go through the presentation as usual. And after that, I will open the floor for questions. Now I'm handing over to Martin.
Good afternoon. Good morning. So I'll start with, overview of our financial results, where our operating revenue, achieved or reached the 93.4 billion, check crowns, which is an improvement, year on year, or quarter on quarter of 7%. Our e-bidder, important number achieved che43 billionck rounds, improvement of 7% as well.
Net income and just the net income are very close 12.8 and che12.7 billionck rounds, decline of 6% versus first quarter 24%.
Our CapEx has reached almost che7 billionck rounds, which is slight decline of 6%.
Our, important slide actually on page 4, this demonstrates the changes in our IbiA compared to the first quarter of 2024. There is actually one negative factor and 3 positive factors, negative factor clearly decline of
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
