CEZ should report its H1 ‘05 consolidated IFRS results today at 1:15pm CET. As the unconsolidated numbers reflecting the electricity generation business have already been published, the consolidated figures are of lesser importance. The results reflect increasing electricity prices and more effective usage of low-cost power plants. The figures will include Bulgarian operations.
IFRS, CZKm H1 2005E H1 2004 % Change Consensus*
Sales 57,327 50,510 13.5% 9,750
EBITDA 25,194 20,230 24.5% 25,010
EBIT 15,790 11,209 40.9% 15,600
Pre-tax income 13,804 10,146 36.1% n/a
Net income 9,801 7,288 34.5% 10,050
* Median