According to Financial citing chief financial officer Petr Voboril, CEZ will increase its FY 2007 guidance next week together with the 3Q07 numbers. Net income should by higher by CZK 3bn due to the approved tax reforms which reflect to the net profit through recounting deferred tax liability. The current target of net profit for full year 2007 is CZK 35.1bn. Voboril did not comment other numbers, however they should not be cut.
We see improved FY 2007 guidance positively, but we do not expect any major impact for today’s trading as news came out yesterday during the session.