CEZ Group
CEZ acquired another 39.04 % in Severoceska energetika (North Bohemian EDC)
Today the remaining contract documentation enabling CEZ to acquire a 39.04 % share in Severoceska energetika from the firm Segfield Investments Limited in accordance with the option contract concluded in September last year has been signed.
2006. 4. 12.
CEZ is building a team for a new trading area with environmental products
Martin Cmiral is filling the position of the Environmental Products Manager. He is coming into CEZ from the management of Vertis, a company which has become the most successful consulting firm in the area of CO2 allowances trading and in the area of Kyoto mechanisms in Central Europe.
2006. 4. 7.
Preliminary consolidated, non-audited economic results of CEZ Group for 2005: CEZ Group´s net income amounted to 22.3bn CZK and was 56 % up on the previous year
CEZ Group reached net income of 22.3bn CZK according to the International Financial Reporting Standards, which represented a year-on-year increase of 8bn CZK. The net income increase was affected by the enlargement of the Group by 4 distribution companies in South-Eastern Europe together with improved performance in operations. Single influences connected with acquisitions developed as well, for example, a positive influence of including the negative goodwill of Romanian Oltenia, and increased net income by 2.6bn CZK.
2006. 3. 21.
Zdened Pasak is filling the position of the staff manager in a newly established division CEZ personalitika
Human Resources CEZ, a newly established division, will cover all personal processes within the whole CEZ Group including internal communication, and will also support inland and foreign daughter companies. Zdenek Pasak will take up his function from March 15 2006.
2006. 3. 20.
CEZ continues in the tender for the Macedonian distribution company AD ESM
CEZ Power Company has today submitted a binding offer for the majority share in the company AD ESM. The tender for a 90% share in the only Macedonian power distributor was announced at the end of last year. CEZ entered the tender for the distribution company in December 2005, and was short-listed, together with other three parties interested, at the turn of the year.
2006. 3. 15.
Net profit of CEZ (non-consolidated) for 2005 amounted to17.6bn CZK and was over 7bn CZK up on the previous year
CEZ Power Company reached operating profit of almost 20n CZK, precisely 19,609bn CZK, last year, which represented a year-on-year increase of 70 per cent. The increase in net profit was a result of very good operating performance and a positive development in the financial management. Company´s revenues rose by 5.4bn CZK, operating costs fell by over 1.3bn CZK.
2006. 3. 2.
Today CEZ Group has opened officially sales agency in Slovakia
CEZ Group has today officially opened its sales agency in Bratislava to support its activities in Slovakia. The Slovak agency will extend the trade network of CEZ Group, which, next to the Czech Republic and Slovakia, covers also Germany, Poland, Bulgaria and Romania. In the close future CEZ Group is going to open its sales agencies in Hungary and Austria as well.
2006. 2. 8.
CEZ Power Company paid another 15.5m EUR for Electrica Oltenia to the Romanian government
The economic health of CEZ Group's Electrica Oltenia is much better according to the post-acquisition audit. Net assets have increased by 107m RON (ca 29m EUR) after the economic audit for 2004 and the first nine months of 2005. Therefore CEZ is going to pay 15.5m EUR more for Electrica Oltenia, which represent a 51 % increase in net assets and correspond to the majority share of CEZ in Oltenia.