CEZ announced electricity sales and revenue expectations of 2004

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Investiční bankovnictví KB

      CEZ announced that it expects slightly lower electricity production in 2003, but higher revenues. According to the company’s estimates, electricity production could fall to 59.1TWh from record level of 60.9TWh in 2003. Electricity revenues should increase from CZK 52.0bn to CZK 54.8bn mainly due to increase of domestic market share from 61.8% to 62.8%. However, the figures include only CEZ without distribution companies.

       The company’s announcement is in line with our expectations. For 2004, we expect decline of exports to around 16TWh, which should be however balanced with higher domestic sales. The revenue growth reflects higher prices on both domestic and export markets.

      Tyto zprávy pro vás vytváří Investiční bankovnictví KB.