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    CEZ   CZ0005112300

CEZ, A. S.

(CEZ)
  Report
End-of-day quote. End-of-day quote Prague Stock Exchange - 09/21
697.5 CZK   +0.65%
09/21CEZ A S : Information on npp temelín 183 / 2021
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09/21CEZ A S : Information on npp dukovany 21/09/2021
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09/20CEZ A S : Information on npp temelín 182 / 2021
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CEZ a s : Czech government, CEZ to sign memorandum on EV battery plant

07/26/2021 | 11:49am EDT

PRAGUE, July 26 (Reuters) - The Czech government took a step closer on Monday to backing a new $2 billion-plus electric vehicle (EV) battery plant that is expected to create more than 2,000 jobs.

The government approved the text of a memorandum supporting the new plant that will be signed with majority state-owned utility CEZ, Industry Minister Karel Havlicek said.

CTK news agency earlier said the memorandum should be signed on Tuesday. Citing a government document, it said investment in the initial phase of the plant, or so-called gigafactory, would total at least 52 billion crowns ($2.4 billion).

Havlicek said on Twitter a plant could create 2,300 new jobs.

CEZ did not have an immediate comment.

CTK said that, according to the document, CEZ was prepared to become an investor in the project, as well as an energy and lithium supplier.

The state is also looking to sign up other investors in the plant as the European and global automobile industry shifts towards an electric future.

Havlicek told Reuters this month the state was holding talks with two potential partners, including Volkswagen, which owns Czech carmaker Skoda Auto.

($1 = 21.7080 Czech crowns) (Reporting by Jason Hovet Editing by Kirsten Donovan and Mark Potter)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CEZ, A. S. 0.65% 697.5 End-of-day quote.35.44%
VOLKSWAGEN AG 1.22% 183.2 Delayed Quote.20.19%
All news about CEZ, A. S.
09/21CEZ A S : Information on npp temelín 183 / 2021
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09/21CEZ A S : Information on npp dukovany 21/09/2021
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09/20CEZ A S : Information on npp temelín 182 / 2021
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09/20CEZ A S : Information on npp dukovany 20/09/2021
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09/17CEZ A S : Information on npp temelín 181 / 2021
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09/17CEZ A S : Information on npp dukovany 17/09/2021
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09/16CEZ A S : Information on npp temelín 180 / 2021
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09/16CEZ A S : Interest Payment Notice
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09/16CEZ A S : Information on npp dukovany 16/09/2021
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09/15CEZ A S : Information on npp temelín 179 / 2021
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Analyst Recommendations on CEZ, A. S.
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Financials
Sales 2021 210 B 9 694 M 9 694 M
Net income 2021 19 744 M 911 M 911 M
Net Debt 2021 124 B 5 738 M 5 738 M
P/E ratio 2021 18,7x
Yield 2021 5,91%
Capitalization 373 B 17 209 M 17 241 M
EV / Sales 2021 2,37x
EV / Sales 2022 2,44x
Nbr of Employees 31 704
Free-Float 28,6%
Chart CEZ, A. S.
Duration : Period :
CEZ, a. s. Technical Analysis Chart | CEZ | CZ0005112300 | MarketScreener
Technical analysis trends CEZ, A. S.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 697,50 CZK
Average target price 633,19 CZK
Spread / Average Target -9,22%
EPS Revisions
Managers and Directors
Daniel BeneÜ Chief Executive Officer
Martin Novßk Chief Financial & Operating Officer
Otakar Hora Chairman-Supervisory Board
Michaela Chaloupkovß Chief Administrative Officer
VladimÝr Hronek Member-Supervisory Board
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