Stock Analysis

CEZ a. s Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St

March 26, 2024

CEZ a. s (SEP:CEZ) Full Year 2023 Results

Key Financial Results

Revenue: Kč336.8b (up 18% from FY 2022).
Net income: Kč29.5b (down 64% from FY 2022).
Profit margin: 8.8% (down from 28% in FY 2022). The decrease in margin was driven by higher expenses.
EPS: Kč55.00 (down from Kč151 in FY 2022).

revenue-and-expenses-breakdown — SEP:CEZ Revenue and Expenses Breakdown March 26th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

CEZ a. s Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) missed analyst estimates by 16%.

The primary driver behind last 12 months revenue was the Generation segment contributing a total revenue of Kč243.1b (72% of total revenue). Notably, cost of sales worth Kč176.1b amounted to 52% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling Kč59.6b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how CEZ's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to decline by 4.1% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat.

Performance of the market in Czech Republic.

The company's shares are down 7.4% from a week ago.

Risk Analysis

Be aware that CEZ a. s is showing 4 warning signs in our investment analysis and 1 of those doesn't sit too well with us...

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Find out whether CEZ a. s is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.