Utility ČEZ Group reported net profit adjusted for extraordinary items totalling CZK 27.7bn for 2015. Positive factors included the return of a part of the tax from emission allowances for 2011 and 2012. EBITDA totalled CZK 65.1bn. Operating earnings increased by 4% y/y to CZK 210.2bn, even though the production in nuclear sources decreased by 11% due to unplanned outages in Dukovany and prolongation of the regular outages in Temelín. Coal power plants’ production grew 6%. Electricity sales to end customers grew 8%, heat sales 5% and gas sales 26%. ČEZ’s board of directors chairman and CEO Daniel Beneš says that the fulfilment of growth ambitions and cost reduction helps soften the effects of the long-term drop of wholesale prices of electricity.
Source: www.cianews.cz
