{"id":30787,"date":"2023-08-28T07:58:33","date_gmt":"2023-08-28T06:58:33","guid":{"rendered":"https:\/\/eph23.atelierzidlicky.eu\/?post_type=press-releases&p=30787"},"modified":"2023-08-28T07:58:33","modified_gmt":"2023-08-28T06:58:33","slug":"eph-announces-new-leverage-policy","status":"publish","type":"press-releases","link":"https:\/\/eph23.atelierzidlicky.eu\/en\/press-releases\/eph-announces-new-leverage-policy\/","title":{"rendered":"EPH announces new leverage policy"},"content":{"rendered":"

In view of the strong financial results of Energetick\u00fd a pr\u016fmyslov\u00fd holding, a.s. (\u201cEPH<\/strong>\u201d) and its consolidated subsidiaries (collectively the \u201cGroup<\/strong>\u201d) for 2022, based on the best market practice, and considering the interests of the Group\u2019s financial and trading counterparties, the board of directors of EPH has decided to adopt a new financial policy that aims at maintaining, until further notice, the consolidated adjusted proportionate economic net leverage of the Group at or below 2.5x.<\/p>\n

For further inquiries, please contact:<\/p>\n

 <\/p>\n

Tom\u00e1\u0161 Mi\u0159ack\u00fd<\/p>\n

Executive Finance Director of Energetick\u00fd a pr\u016fmyslov\u00fd holding, a.s.<\/p>\n

Pa\u0159\u00ed\u017esk\u00e1 130\/26, 110 00 Praha 1<\/p>\n

T: +232 005 200<\/p>\n

 <\/p>\n

 <\/p>\n

Disclaimer<\/strong><\/p>\n

No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of this communication or the opinions contained therein.<\/p>\n

This communication contains forward-looking statements. All statements other than statements of historical fact included in this communication are forward-looking statements. Forward-looking statements give EPH\u2019s current expectations and projections relating to the financial condition, results of operations, plans, targets, objectives, future performance and business of the EPH Group. These statements may include, without limitation, any statements preceded by, followed by or including words such as \u201ctarget,\u201d \u201cbelieve,\u201d \u201cexpect,\u201d \u201caim,\u201d \u201cintend,\u201d \u201cmay,\u201d \u201canticipate,\u201d \u201cestimate,\u201d \u201cplan,\u201d \u201cproject,\u201d \u201cwill,\u201d \u201ccan have,\u201d \u201clikely,\u201d \u201cshould,\u201d \u201cwould,\u201d \u201ccould\u201d and other words and terms of similar meaning or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond control of the EPH Group that could cause the actual results, performance or achievements of the EPH Group to be materially different from the expected results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding present and future business strategies of the EPH Group and the environment in which it will operate in the future. Many factors may cause the EPH Group\u2019s results of operations, financial condition, liquidity, reserves, leverage and the development of the industry in which the EPH Group competes to differ materially from those expressed or implied by the forward-looking statements, some of which are outside of its control. These factors include, among others, (i) further escalation of geopolitical conflicts, including the ongoing crisis in Ukraine and resulting in, among others, fluctuations in commodity prices, supply outages, expansion of sanctions regimes and other financial or business restrictions, (ii) negative or uncertain global and regional economic conditions, including the potential impact of the COVID-19 pandemic, (iii)\u00a0failure to implement key strategies of the EPH Group, (iv)\u00a0\u00a0reliance on a small number of suppliers and customers and their performance and (v) changes in laws or regulatory schemes. Given these risks and uncertainties, you should not rely on forward-looking statements as a prediction of actual results. These forward-looking statements are not guarantees of future financial performance and actual results of the EPH Group could differ materially from those expressed or implied by these forward-looking statements as a result of many factors, some of which are outside of control of the EPH Group.<\/p>\n

The information contained in this communication has not been independently verified and will not be updated. This\u00a0communication, including but not limited to forward-looking statements, applies only as of the date of this document and is not intended to give any assurances as to future results. The targets and other objectives remain subject to further adjustments as EPH continues to monitor the current market situation. EPH expressly disclaims any obligation or undertaking to disseminate any updates or revisions to this communication, including any financial data or forward-looking statements, and will not publicly release any revisions it may make to the information contained herein that may consist of or result from any change in EPH\u2019s expectations, revised targets or other objectives, any change in events, conditions or circumstances on which these forward-looking statements are based, or other events or circumstances arising after the date of this document.<\/p>\n","protected":false},"excerpt":{"rendered":"

In view of the strong financial results of Energetick\u00fd a pr\u016fmyslov\u00fd holding, a.s. (\u201cEPH\u201d) and its consolidated subsidiaries (collectively the \u201cGroup\u201d) for 2022, based on the best market practice, and considering the interests of the Group\u2019s financial and trading counterparties, the board of directors of EPH has decided to adopt a new financial policy that aims at maintaining, until further notice, the consolidated adjusted proportionate economic net leverage of the Group at or below 2.5x. […]<\/p>\n","protected":false},"featured_media":0,"template":"","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"tax-year":[100],"acf":[],"wpml_current_locale":"en_US","wpml_translations":[],"_links":{"self":[{"href":"https:\/\/eph23.atelierzidlicky.eu\/en\/wp-json\/wp\/v2\/press-releases\/30787"}],"collection":[{"href":"https:\/\/eph23.atelierzidlicky.eu\/en\/wp-json\/wp\/v2\/press-releases"}],"about":[{"href":"https:\/\/eph23.atelierzidlicky.eu\/en\/wp-json\/wp\/v2\/types\/press-releases"}],"wp:attachment":[{"href":"https:\/\/eph23.atelierzidlicky.eu\/en\/wp-json\/wp\/v2\/media?parent=30787"}],"wp:term":[{"taxonomy":"tax-year","embeddable":true,"href":"https:\/\/eph23.atelierzidlicky.eu\/en\/wp-json\/wp\/v2\/tax-year?post=30787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}