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
Other commentaries
- 7/24/2020 2:29 PMCompany notes,Results Preview: CEZ: The results will be affected by lower demand; guidance to be confirmed
- 7/23/2020 8:29 AMCompany analysis: CEZ: We keep our BUY recommendation and adjust the 12m target price to CZK621
- 7/1/2020 10:18 AMCompany notes: ČEZ: Last trading day with CZK34 dividend rights
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