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CEZ as (CEZP.PR)

CEZP.PR on Prague Stock Exchange

532.50CZK
25 Apr 2019
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Latest Key Developments (Source: Significant Developments)

CEZ prices EUR 500 mln 2022 bond at 70 bps over mid-swaps
Tuesday, 13 Nov 2018 10:00am EST 

Nov 13 (Reuters) - CEZ as ::CEZ SAYS PRICES EUR 500 MILLION 2022 BOND AT 70 BPS OVER MID-SWAPS.  Full Article

CEZ CFO: probability of sale of Bulgarian assets this year not high
Thursday, 8 Nov 2018 04:45am EST 

Nov 8 (Reuters) - CEZ as ::CEZ CFO MARTIN NOVAK SAYS DOES NOT SEE ANY EXTRAORDINARY ITEMS IN Q4, ONLY POTENTIAL DOWNSIDE RISK TO PROFIT OUTLOOK WOULD BE UNPLANNED OUTAGES.CEZ CFO SAYS BULGARIAN ASSET SALE TO INERCOM HAS END-NOVEMBER DEADLINE, PROBABILITY OF SALE NOT HIGH.CEZ CFO SAYS IF INERCOM DOES NOT BUY, CAN SPEAK TO OTHER PARTIES, EXPECTATION WOULD BE TO CONTINUE WITH EXISTING TENDER.CEZ CFO SAYS NOT AGAINST DISPOSING OF TURKISH OPERATIONS, BUT NOT EASIEST THING TO DO IN CURRENT SITUATION WITH WEAKENING OF TURKISH LIRA.CEZ CFO SAYS ON RENEWABLE PROJECTS, GOING AFTER MAINLY DEVELOPMENT PROJECTS RATHER THAN THOSE RUNNING, PRIMARILY GERMAN AND FRENCH MARKETS.CEZ CFO SAYS AIMING TO ISSUE NEW EURO-DENOMINATED BENCHMARK-SIZE BOND BY END OF YEAR, MID-TERM MATURITY SEEN.CEZ CFO SAYS IF WE EXTEND DUKOVANY LIFETIME BY ANOTHER 10 YEARS, IT BUYS GOVERNMENT SOME TIME FOR DECISION ON NEW NUCLEAR POWER UNITS BUT NOT 10 YEARS.  Full Article

CEZ Q3 adjust net profit higher than expected
Thursday, 8 Nov 2018 02:06am EST 

Nov 8 (Reuters) - CEZ as ::CEZ EXPECTS FY 2018 ADJUSTED NET INCOME CZK 13-14 BILLION (PREVIOUS OUTLOOK CZK 12-14 BILLION).CEZ SAYS EXPECTS FY 2018 EBITDA CZK 50-51 BILLION (PREVIOUS OUTLOOK CZK 51-53 BILLION).CEZ Q3 REVENUE CZK 43.02 BILLION VERSUS CZK 41.76 BILLION SEEN IN REUTERS POLL.CEZ Q3 ATTRIBUTABLE NET PROFIT CZK 1.49 BILLION VERSUS CZK 1.67 BILLION SEEN IN REUTERS POLL.CEZ 9M ADJUSTED NET PROFIT CZK 11.3 BILLION.CEZ SAYS EXPECTS FY 2018 TRADITIONAL ENERGY PRODUCTION AT 61.6 TWH (PREVIOUS ESTIMATE 62.3 TWH).CEZ Q3 ADJUSTED NET PROFIT CZK 3.5 BILLION VERSUS CZK 1.63 BILLION SEEN IN REUTERS POLL.CEZ SAYS HAS PRE-SOLD 84 PERCENT OF 2019 OUTPUT AT AVERAGE PRICE EUR 35.8 PER MWH.CEZ SAYS HAS PRE-SOLD 56 PERCENT OF 2020 OUTPUT AT AVERAGE PRICE EUR 38.8 PER MWH.CEZ SAYS HAS PRE-SOLD 25 PERCENT OF 2021 OUTPUT AT AVERAGE PRICE EUR 39.1 PER MWH.  Full Article

CEZ CFO: room for average 2019 pre-sold power price to grow
Thursday, 10 May 2018 04:45am EDT 

May 10 (Reuters) - CEZ as ::CEZ CFO NOVAK SAYS BULGARIAN ASSET SALE WILL HAVE POSITIVE CASH FLOW IMPACT, WILL NOT HAVE MAJOR IMPACT ON FY EARNINGS OUTLOOK, SLIGHT NEGATIVE IMPACT ON EBITDA.CEZ CFO SAYS, WITH CURRENT WHOLESALE ELECTRICITY PRICES AROUND 40 EUR/MWH, EXPECTS AVERAGE 2019 PRE-SOLD PRICE TO RISE A FEW MORE EUROS.CEZ CFO SAYS NO PLANS TO ACCELERATE OR DECELERATE HEDGING STRATEGY.CEZ CFO SAYS 2019 WILL BE YEAR OF SHORTAGE OF CARBON CREDITS ON MARKET.CEZ CFO SAYS, AFTER BULGARIA, NO OTHER IMMINENT DIVESTMENTS IN WORKS.CEZ CFO Martin Novak speaking in interview with news agencies; for story on Q1 results published on Thursday: nL8N1SH19U.  Full Article

CEZ sees entry of Bulgarian state into asset sale as complicated
Tuesday, 20 Mar 2018 06:21am EDT 

March 20 (Reuters) - Cez As ::CEZ'S PLESKAC SAYS SALE OF BULGARIA ASSETS NOT INCLUDED IN 2018 OUTLOOK.CEZ'S PLESKAC SAYS RESULTS OF ANALYSIS OF POSSIBLE ENTRY OF BULGARIAN GOVERNMENT INTO SALE OF CEZ'S BULGARIA ASSETS DUE BY END-MARCH.CEZ'S PLESKAC SAYS SEES ENTRY OF BULGARIAN STATE INTO TRANSACTION AS COMPLICATED.  Full Article

CEZ says no change in dividend policy, proposal likely in April
Tuesday, 20 Mar 2018 06:07am EDT 

March 20 (Reuters) - Cez As ::CEZ'S PLESKAC SAYS PRICE FOR BULGARIA ASSETS WAS SIGNIFICANTLY HIGHER THAN MENTIONED IN MEDIA.CEZ'S CEO BENES C SAYS NO CHANGE IN DIVIDEND POLICY.CEZ'S CEO BENES SAYS EXPECTS TO ANNOUNCE DIVIDEND PROPOSAL IN APRIL.  Full Article

CEZ talking to Inercom on Bulgaria's possible role in asset sale
Tuesday, 6 Mar 2018 11:22am EST 

March 6 (Reuters) - Cez As ::CEZ SAYS HAS STARTED TALKS WITH BULGARIA'S INERCOM ABOUT BULGARIAN ASSETS.CEZ SAYS TALKS ARE OVER FINAL APPROVAL OF SALE AND ALSO POTENTIAL BULGARIAN STATE INVOLVEMENT IN SALE.CEZ SAYS TALKS ON BOTH POINTS TO CONTINUE UNTIL END OF WEEK.  Full Article

CEZ signs contract to sell Bulgarian assets to Inercom
Friday, 23 Feb 2018 10:36am EST 

Feb 23 (Reuters) - CEZ AS ::CEZ SAYS SIGNED CONTRACT FOR THE SALE OF ITS BULGARIAN ASSETS WITH BULGARIAN COMPANY INERCOM.  Full Article

Moody's says CEZ sale of Bulgarian assets is credit neutral
Friday, 23 Feb 2018 07:17am EST 

Feb 23 (Reuters) - Cez As ::MOODY'S SAYS CEZ'S SALE OF BULGARIAN ASSETS IS CREDIT NEUTRAL.  Full Article

CEZ says sells assets in Bulgaria to Inercom
Thursday, 22 Feb 2018 08:04am EST 

Feb 22 (Reuters) - Cez As ::CEZ SAYS HAS APPROVED SALE OF REMAINING ASSETS IN BULGARIA TO INERCOM.CEZ SAYS PACKAGE INCLUDES 7 COMPANIES.CEZ SAYS SIGNING OF CONTRACT EXPECTED IN A FEW DAYS.CEZ SAYS OVERALL INVESTMENT IN BULGARIA YIELDED POSITIVE RETURN.CEZ SAYS INTL ARBITRATION AGAINST BULGARIA NOT AFFECTED BY SALE.CEZ SAYS HIGHEST OFFER IN SALES PROCESS PRESENTED BY INERCOM BULGARIA.CEZ SAYS INERCOM'S OFFER IS SIGNIFICANTLY ABOVE THE FAIR MARKET VALUE OF THE ASSETS SOLD, AS DETERMINED IN AN INDEPENDENT APPRAISAL.  Full Article