Q1 2024 CEZ as Earnings Call Transcript

May 14, 2024 / 01:00PM GMT
Operator

Hello, everyone and welcome to CEZ Group Conference Call on First Quarter 2024 Results. Martin Novak, Chief Financial Officer, will go through the presentation, and then, we will have a room to ask questions for which we also have Mr. LudÃâºk Horn, Head of Trading available for the answers.

Now, I'm handing over to Martin to go through the presentation.

Martin Novak - CEZ, a. s. - CFO, Deputy CEO of Operations & Executive Director

Thank you. Good afternoon and good morning to everybody. So, I'll start with a brief presentation. On the first table, you can actually see our financial highlights and the full year outlook. Our EBITDA has grown by 24% to CZK 40.3 billion. Our net income and at the same time adjusted net income has reached CZK 13.6 billion or 25% improvement year-on-year. We confirm our guidance of CZK 115 billion to CZK 120 billion for 2024. And on EBITDA and adjusted net income, at a level of CZK 25 billion to CZK 30 billion. So, there is no change compared to our last presentation that was out on March 21.

On the next slide,

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