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CEZ as (CEZP.PR)

CEZP.PR on Prague Stock Exchange

480.50CZK
15 Nov 2017
Change (% chg)

4.30Kč (+0.90%)
Prev Close
476.20Kč
Open
476.90Kč
Day's High
485.00Kč
Day's Low
476.90Kč
Volume
253,018
Avg. Vol
406,850
52-wk High
491.00Kč
52-wk Low
392.80Kč

Latest Key Developments (Source: Significant Developments)

CEZ files documents for environmental assessment of possible nuclear expansion
Monday, 13 Nov 2017 

Nov 13 (Reuters) - CEZ As :CEZ, 70 pct state-owned, says has asked for environmental impact assessment for expansion of Dukovany nuclear power plant.Says on Monday handed over to Environment Ministry documents based on earlier ministry recommendations .Step in line with national energy strategy; preparatory work for potential decision on the plant's expansion.No decision has been made on financing of potential 1-2 new units that would replace current 4 units after 2035.CEZ has said it would not build new units without government guarantees; government has so far refused financial backing.Government considering several options how to proceed, including taking over CEZ's nuclear and coal assets nL5N1M2423.  Full Article

CEZ CFO confirms dividend policy after Q3 results
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Cez As :CEZ Chief Financial Officer Martin Novak, in interview with news agencies after Q3 results, says on dividend, payout ratio of 60-100 percent of adjusted net income stays in place.Cez cfo says sees no material impact in q4 from major wind storm in late-october.Cez cfo says 2019 average price in hedging should grow higher than 2018 prices, by "a few euros".Cez cfo says on bulgarian asset sale, negotiations still ongoing with several parties.Cez cfo says would still look at m&a in 'old energy' sources, always matter of price.Cez cfo says to finish by end of year rough idea on strategic opportunities related to possible company split, next steps up to future czech government.Q3 results story: nL5N1ND1RX.  Full Article

CEZ Q3 net profit falls, confirms FY outlook
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Cez As :Cez 9m adjusted net profit czk 17.3 billion.Cez says expects fy 2017 ebitda czk 52 billion (previous outlook czk 53 billion).Cez confirms expects fy 2017 adjusted net income czk 19 billion.Cez q3 adjusted net profit czk 0.3 billion versus czk 0.79 billion seen in reuters poll.Cez says has pre-sold 81 percent of 2018 output at average price eur 30.0 per mwh.Cez says has pre-sold 57 percent of 2019 output at average price eur 29.5 per mwh.Cez says has pre-sold 26 percent of 2020 output at average price eur 33.0 per mwh.Cez q3 revenue czk 45.85 billion versus czk 45.45 billion seen in reuters poll.Cez q3 attributable net profit czk -0.21 billion versus czk 0.81 billion seen in reuters poll.  Full Article

CEZ sells Varna power plant to Bulgaria's SIGDA OOD
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - CEZ As :CEZ says it sells its power plant in Varna to Bulgaria's SIGDA OOD.CEZ says final price will be determined as of closing of the transaction which is subject to approval of the Bulgarian competition watchdog CPC.  Full Article

CEZ to re-launch production at Temelin unit 2 next week
Saturday, 29 Jul 2017 

July 29 (Reuters) - Cez As :says to re-launch electricity production at Temelin unit 2 during next week.says re-started reactor overnight, undertaking tests.CEZ market transparency website shows capacity available from July 31, full capacity from Aug 5.CEZ took the around 1,000 MW unit offline in mid-May with planned outage of almost three months .CEZ on Friday halted production at the 800-megawatt Detmarovice power plant due to a fire in a sulphur absorber at the hard-coal fired facility nL5N1KJ523.  Full Article

CEZ's Esco unit completes acquisition of AZ Klima
Monday, 3 Oct 2016 

Cez As : says CEZ Esco unit completed acquisition of AZ Klima from Genesis Private Equity Fund II and other shareholders . now 100 percent owner of the mechanical, electrical, and plumbing services firm Further company coverage: [CEZP.PR] ((jason.hovet@thomsonreuters.com;)).  Full Article

CEZ says restart of Temelin unit 2 will be delayed by several days
Thursday, 1 Sep 2016 

: CEZ says start of nucelar plant Temelin Unit 2 will be delayed by several days . The over 1,000 MW Temelin unit 2 was due to restart on Thursday; delay due to safety valve repair Further company coverage: [CEZP.PR] ((prague.newsroom@thomsonreuters.com; +420 224 190 477;)).  Full Article

CEZ says no changes to dividend policy
Tuesday, 9 Aug 2016 

CEZ : CFO Martin Novak, asked about posibility of an increased dividend payout ratio, says too early to talk about any changes to dividend policy . CEO Daniel Benes says dividend policy valid, no revision . CEZ paid CZK 40 dividend for 2015, same as year before .Dividend policy calls for 60-80 pct of net profit in dividends.  Full Article

CEZ cuts 2016 EBITDA guidance to CZK 58 bln
Tuesday, 9 Aug 2016 

Cez As : CEZ says it cuts 2016 guidance for earnings before interest, tax, depreciation and amortisation (EBITDA) to 58 billion crowns ($2.38 billion) from 60 billion, mainly due to extended outages at its nuclear power plants . CEZ says it maintains 2016 guidance for adjusted net profit at 18 billion crowns . CEZ says its adjusted net profit dropped 39 percent to 4.8 billion crowns in the second quarter, EBITDA decreased by 20 percent to 13.1 billion crowns . CEZ says it has presold 81 percent of 2017 output at average price eur 31 per MWh and 49 percent of 2018 output at average price of eur 29.5 per MWh Further company coverage: [CEZP.PR] ($1 = 24.3840 Czech crowns) (Reporting by Robert Muller) ((robert.muller@thomsonreuters.com;)).  Full Article

CEZ cuts 2016 EBITDA guidance to CZK 58 bln
Tuesday, 9 Aug 2016 

Cez As : CEZ says it cuts 2016 guidance for earnings before interest, tax, depreciation and amortisation (EBITDA) to 58 billion crowns ($2.38 billion) from 60 billion, mainly due to extended outages at its nuclear power plants . CEZ says it maintains 2016 guidance for adjusted net profit at 18 billion crowns . CEZ says its adjusted net profit dropped 39 percent to 4.8 billion crowns in the second quarter, EBITDA decreased by 20 percent to 13.1 billion crowns . CEZ says it has presold 81 percent of 2017 output at average price eur 31 per MWh and 49 percent of 2018 output at average price of eur 29.5 per MWh Further company coverage: [CEZP.PR] ($1 = 24.3840 Czech crowns) (Reporting by Robert Muller) ((robert.muller@thomsonreuters.com;)).  Full Article

Czech Republic - Factors To Watch on Nov 8

PRAGUE, Nov 8 Here are news stories, press reports and events to watch which may affect Czech financial markets on Wednesday. ALL TIMES GMT (Czech Republic: GMT + 1 hours) =========================ECONOMIC DATA========================== Real-time economic data releases.................... Summary of economic data and forecasts........... Recently released economic data.................. Previous stories on Cze