- Economy is providing resources for English speaking Business Professionals living in, visiting, or interested in Prague and Czech Republic. Browse our latest Economy articles, if you have interesting content to share with our users, please feel free to contact us anytime to discuss with us possible publication on!

ČEZ posts EBITDA of CZK 72.5bn

ČEZ Group reported earnings before interests, taxes, depreciation and amortisation (EBITDA) totalling CZK 72.5bn for 2014. Net profit adjusted for extraordinary factors totalled CZK 29.5bn. The group’s market capitalisation increased by CZK 35.3bn to CZK 315.7bn. The better than anticipated results benefited primarily from the settlement agreement with the Albanian government and the new savings programme. On the other hand, lower realised electricity prices, warm and dry winter and lower production from coal sources had a negative effect on ČEZ’s revenues. ČEZ’s board of directors chairman and CEO Daniel Beneš has stated that EBITDA in 2015 is estimated at CZK 70bn, i.e. CZK 5bn above the market estimations.


Sign up for Prague’s hottest newsletters to stay up to date and know what’s going on in town! Prague Daily Monitor: Prague’s # 1 source for Czech news in English… delivered straight to your inbox daily. Sign up for free nowPrague.TV – Living Like a Local: 2x a week, our newsletter keeps you up to date with the HOTTEST and BEST news for Prague's Expats and English Language community. Exclusive price draws & Special partner offers for registered members. Sign up for free now!


Exchange rates
Upcoming Events