CEZ's 2003 output reportedly rose to approx. 63 TWh, up 16% y-o-y, which is slightly higher than we had forecast (nevertheless, this cannot be directly extrapolated into higher-than-expected sales as CEZ purchases part of the electricity it supplies). Our 2003 IFRS net profit estimate is CZK 13.5bn for CEZ, i.e. CZK 22.9 per share. Source: CTK.
Jan Hájek