CEZ, a. s. (CZAVF) Shareholder/Analyst Call Transcript
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SA Transcripts159.44K FollowersFollow5ShareSaveCommentsFollow us on Google for the latest stock newsFollow Seeking Alpha on Google for the latest stock newsPlay Earnings CallPlay Earnings Call CEZ, a. s. (CZAVF) Shareholder/Analyst Call April 24, 2026 9:00 AM EDT Company Participants Barbara Seidlová - Head of Investor RelationsPavel Cyrani - Vice Chairman, Deputy CEO of Strategic Development and Chief Sales & Strategy OfficerMartin Novák - CFO, Deputy CEO of Operations & Executive Director Conference Call Participants Arthur Sitbon - Morgan Stanley, Research DivisionAnna Webb - UBS Investment Bank, Research DivisionPiotr Dzieciolowski - Citigroup Inc., Research DivisionEmanuele Oggioni - Kepler Cheuvreux, Research DivisionPetr Bartek - Erste Group Bank AG, Research Division Presentation Barbara SeidlováHead of Investor Relations Hello, everyone, and welcome to CEZ Group call on the announcement we made yesterday on optimization of ownership structure and governance of CEZ group. We will have only two slides, which will be presented by Pavel Cyrani, but then we will hopefully spend most of this call on questions. And we have also Martin Novak, the CFO, who can also answer your questions. Now I'm handing over to Pavel. Pavel CyraniVice Chairman, Deputy CEO of Strategic Development and Chief Sales & Strategy Officer Thank you, and hello, everyone. As you probably learned by now, we, as Board of Directors approved and then later also the Supervisory Board a proposal to our general meeting to decide on the optimization of the ownership structure and governance of CEZ Group. And before I go into more details of this proposal, let me just give you a short context. The last time we have significantly updated our strategy was in the May 2021 under the name of Clean Energy of Tomorrow and as a part of it, we have also updated our business policy, which was then approved at the shareholder meeting in 2022. And already in this strategy, as a way to achieve the business targets that we've set forth. We've indicated that one of the steps needed would be to adjust and optimize