In 2011, the group’s production and trading EBITDA in Romania was CZK1.2 billion.
The results were positively affected by higher production at the group’s wind parks in Fantanele and Cogealac, CEZ said. Wind power output rose 56% year-on-year to 965 GWh.
In the distribution and sale segment, CEZ Romania posted EBITDA of CZK2.5 billion in 2012, up 51% from CZK1.7 billion a year earlier. The improved result was due to the positive effect of payment of overdue receivables by the Romanian state railways in the first half of the year.
CEZ runs several companies in Romania, namely CEZ Romania SA, CEZ Vânzare SA, CEZ Trade SRL, MW Team Invest, Ovidiu Development, TMK Hydroenergy Power and Tomis Team.
Group-wide, CEZ reported EBITDA of CZK85.5 billion in 2012, down 2.1% on the year.