CEZ released its audited consolidated 2001 IAS results yesterday. Net was CZK 0.2 bil. below the previously announced CZK 9.3 bil; operational performance (EBIT) was CZK 1.8 bil. below our projections. The results are slightly negative, the impact on the stock is unlikely.
CZK mil. 2000 2001 % change
Revenues 52,692 56,597 7.4%
EBITDA 22,204 24,249 9.2%
EBIT 12,855 14,913 16.0%
Pretax Income 10,601 13,292 25.4%
Net Income 7,237 9,123 26.1%
(Jiri Soustruznik)