CEZ said on Friday that its exports will decline to 15 - 16 TWh in 2004 (Patria expects 16.1 TWh) from 19 TWh last year, but profit should remain flat due to expected higher domestic sales and prices. Reuters
We expect a 10% y-o-y improvement on its EBITDA level in 2004 as rising domestic sales (driven mostly by increasing market share and prices) should more than offset the declining volume exports (export prices should rise as well).
Jitka Oppitzová