13/05/2026 18:16
Czech
inflation rose further, from 1.9% yoy in March to 2.5% yoy in April. This was in line with market
consensus but slightly above our own and the CNB forecast, which had both
expected April inflation at 2.4% yoy. The final data for April thus confirmed
the preliminary inflation estimate and provided detailed information on the
structure of price developments.
07/05/2026 10:42
For the first quarter, we estimate a 20% yoy decline in EBITDA to CZK34.4bn. Realized electricity prices will be lower this year, and we also expect operating costs to rise. However, net profit will rise by +10.5% yoy and, according to our estimates, will reach CZK14bn. Since the windfall tax is no longer in effect this year, the effective tax rate will drop significantly, positively impacting net profit.