CEZ made a net profit of CZK 632 mil with revenues of CZK 48,189 mil in 2Q2020, down by 82.1% and up by 2.5%, respectively, compared to the previous year. This translates into a net margin of 1.31%.
On the operating level, EBITDA reached CZK 11,665 mil, down 18.5% compared to the previous year. Over the last five years, the company's EBITDA has fallen 8.59% a year on average.
The company generated cash, defined by a sum of net profit and depreciation, of CZK 7,852 mil or 16.3% of sales. When investments are excluded, free cash flow reached CZK 9,869 mil, or 20.5% of sales in 2Q2020.
In the last five years, the company generated free cash flow of CZK 103,907 mil. That compares to a cumulative net profit of CZK 77,547 mil in the same period.