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Company notes,Results Preview: CEZ: The results will be affected by lower demand; guidance to be confirmed

7/24/2020 2:29 PM

Announcement date: Tuesday, 11 August 2020, 8:00 a.m. CET

Expected financial results: This year, the sale price of electricity for which CEZ sells should be just below EUR45 / MWh. This means an increase of about 15% compared to the price for 2019 (35 EUR / MWh). Nevertheless, we expect lower results compared to the same period last year. This is due to the fact that much of the second quarter was affected by the economic downturn due to restrictive measures related to the coronavirus pandemic. This had an impact on the decline in demand, which affected the distribution, sales and mining sectors in particular.

Autor: Bohumil Trampota
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