CEZ

Few utilities players in Europe match the executional depth of CEZ. From Prague, the group manages a workforce of approximately 32k and generates close to $15B in revenue, while steadily widening the gap with regional peers.

Digital reinvention is no longer a marketing line: it is reshaping unit economics across customer acquisition, supply chain and after-sales.

“CEZ is, in its category, exactly the kind of compounding regional champion the next decade of capital allocation will reward.”

Few catalysts on the horizon look bearish; the central scenario is a continued, controlled compounding story.