{"id":113134,"date":"2026-06-10T08:08:11","date_gmt":"2026-06-10T08:08:11","guid":{"rendered":"https:\/\/www.europesays.com\/cz\/113134\/"},"modified":"2026-06-10T08:08:11","modified_gmt":"2026-06-10T08:08:11","slug":"trzby-velikosti-statniho-rozpoctu-pet-nejvetsich-byznysovych-imperii-ceska-meni-pravidla-hry-i-na-zapade","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/cz\/113134\/","title":{"rendered":"Tr\u017eby velikosti st\u00e1tn\u00edho rozpo\u010dtu. P\u011bt nejv\u011bt\u0161\u00edch byznysov\u00fdch imp\u00e9ri\u00ed \u010ceska m\u011bn\u00ed pravidla hry i na Z\u00e1pad\u011b"},"content":{"rendered":"<p data-darkreader-inline-color=\"\">Ofici\u00e1ln\u00ed v\u00fdsledky nejv\u011bt\u0161\u00edch podnikatelsk\u00fdch skupin v \u010cesku za rok 2025 ukazuj\u00ed, \u017ee v\u0161echny proch\u00e1zej\u00ed silnou transformac\u00ed a s v\u00fdjimkou polost\u00e1tn\u00edho \u010cEZ pokra\u010duj\u00ed v akvizic\u00edch a expanzi na zahrani\u010dn\u00ed trhy. P\u0159edev\u0161\u00edm na z\u00e1padn\u00ed trhy.\u00a0<\/p>\n<p data-darkreader-inline-color=\"\">Pozici nejsiln\u011bj\u0161\u00ed skupiny podle tr\u017eeb i zisk\u016f d\u00e1le dr\u017e\u00ed EP Group Daniela K\u0159et\u00ednsk\u00e9ho (spolumajitel provozovatele webu e15.cz). V \u017eeb\u0159\u00ed\u010dku tr\u017eeb vede s velk\u00fdm n\u00e1skokem a celkov\u011b dok\u00e1zala prodat sv\u00e9 zbo\u017e\u00ed a slu\u017eby za 66,5 miliardy eur (1 609 miliard korun). Pro srovn\u00e1n\u00ed: celkov\u00e9 p\u0159\u00edjmy \u010desk\u00e9ho st\u00e1tn\u00edho rozpo\u010dtu loni dos\u00e1hly 2 086 miliard korun. Tr\u017eby EP Group jsou tak jen o 23 procent ni\u017e\u0161\u00ed ne\u017e cel\u00e9 p\u0159\u00edjmy \u010desk\u00e9ho st\u00e1tn\u00edho rozpo\u010dtu.\u00a0<\/p>\n<p data-darkreader-inline-color=\"\">Dvojkou \u017eeb\u0159\u00ed\u010dku je polost\u00e1tn\u00ed energetick\u00e1 firma \u010cEZ s tr\u017ebami 13,5 miliardy eur (326 miliard korun). N\u00e1sleduje skupina KKCG Karla Kom\u00e1rka, jej\u00ed\u017e Allwyn se postupn\u011b stal jednou z nejv\u00fdznamn\u011bj\u0161\u00edch loterijn\u00edch firem v Evrop\u011b. Celkov\u00e9 tr\u017eby KKCG loni dos\u00e1hly 10,9 miliardy eur. Na \u010dtvrt\u00e9m m\u00edst\u011b je PPF s 8,2 miliardy eur. P\u00e1t\u00e1 je s 6,7 miliardy eur zbroja\u0159sk\u00e1 skupina CSG Michala Strnada, kter\u00e1 koncem ledna vstoupila s nejv\u011bt\u0161\u00ed zbroja\u0159skou emis\u00ed akci\u00ed (IPO) na burzu.\u00a0<\/p>\n<p>EBITDA ukazuje m\u00edrn\u011b jin\u00e9 po\u0159ad\u00ed<\/p>\n<p data-darkreader-inline-color=\"\">\u017deb\u0159\u00ed\u010dek podle provozn\u00edch zisk\u016f p\u0159ed odpisy, dan\u011bmi a \u00faroky (EBITDA) vede polost\u00e1tn\u00ed energetick\u00e1 spole\u010dnost \u010cEZ, kter\u00e1 vyd\u011blala 5,6 miliardy eur (135 miliard korun). Se ziskem 5,4 miliardy eur n\u00e1sleduje EP Group. Trojkou je s 2,6 miliardy eur PPF. N\u00e1sleduje KKCG s 1,8 miliardy eur a za n\u00ed CSG s 1,7 miliardy eur.\u00a0<\/p>\n<p data-darkreader-inline-color=\"\">Nejv\u00edce lid\u00ed zam\u011bstn\u00e1v\u00e1 ve sv\u00fdch firm\u00e1ch EP Group \u2013 265 tis\u00edc. N\u00e1sleduje PPF s 37 tis\u00edci a \u010cEZ s 33 tis\u00edci lid\u00ed. CSG d\u00e1v\u00e1 pr\u00e1ci 11 tis\u00edc\u016fm lid\u00ed a KKCG 9,8 tis\u00edce lid\u00ed.\u00a0<\/p>\n<p data-darkreader-inline-color=\"\">Pohled do v\u00fdro\u010dn\u00edch zpr\u00e1v ukazuje, \u017ee nejv\u011bt\u0161\u00ed soukrom\u00e9 \u010desk\u00e9 podnikatelsk\u00e9 skupiny u\u017e jsou d\u00e1vno glob\u00e1ln\u00edmi hr\u00e1\u010di. Pod\u00edl tr\u017eeb v \u010cesk\u00e9 republice na celkov\u00fdch tr\u017eb\u00e1ch d\u00edky zahrani\u010dn\u00edm akvizic\u00edm a expanz\u00edm st\u00e1le kles\u00e1. Nejni\u017e\u0161\u00ed je u EP Group, kde se loni sn\u00ed\u017eil na pouh\u00e1 t\u0159i procenta. N\u00e1sleduje KKCG s deseti procenty. U PPF je pod\u00edl s 53 procenty v\u00fdrazn\u011b vy\u0161\u0161\u00ed d\u00edky vlastnictv\u00ed dom\u00e1c\u00edho telekomunika\u010dn\u00edho oper\u00e1tora O2 nebo Air Bank.\u00a0<\/p>\n<p data-darkreader-inline-color=\"\">Posilov\u00e1n\u00ed pod\u00edlu zahrani\u010dn\u00edch tr\u017eeb nicm\u00e9n\u011b ukazuje, \u017ee \u010desk\u00fdm skupin\u00e1m se glob\u00e1ln\u00ed byznys da\u0159\u00ed a um\u011bj\u00ed vyu\u017e\u00edt p\u0159\u00edle\u017eitost\u00ed, kter\u00e9 se v ekonomicky, energeticky i geopoliticky prom\u011b\u0148uj\u00edc\u00edm se sv\u011bt\u011b nask\u00fdtaj\u00ed. Srovn\u00e1van\u00e1 \u010d\u00edsla v tomto textu jsou za lo\u0148sk\u00fd rok. Prvn\u00ed \u010d\u00e1st toho leto\u0161n\u00edho v\u0161ak ukazuje, \u017ee \u00e9ra rychl\u00e9 transformace v\u0161ech skupin pokra\u010duje.\u00a0<\/p>\n<p data-darkreader-inline-color=\"\">EP Group<\/p>\n<p data-darkreader-inline-color=\"\">Skupina v\u00fdrazn\u011b pos\u00edlila v glob\u00e1ln\u00ed energetice, kdy\u017e spolu s TotalEnergies vytvo\u0159ila spole\u010dn\u00fd podnik TTEP, kter\u00fd se zam\u011b\u0159\u00ed na flexibiln\u00ed v\u00fdrobu elekt\u0159iny v It\u00e1lii, Nizozemsku, Spojen\u00e9m kr\u00e1lovstv\u00ed, Irsku a Francii. Podle firem jde o druhou nejv\u011bt\u0161\u00ed spole\u010dnost v dan\u00e9m oboru v Evrop\u011b. Do nov\u00e9ho vehiklu vlo\u017eila EPH sv\u00e1 vybran\u00e1 plynov\u00e1 a biomasov\u00e1 aktiva i bateriov\u00e9 syst\u00e9my na vybran\u00fdch trz\u00edch. Za to z\u00edskala pod\u00edl 4,2 procenta ve francouzsk\u00e9 nadn\u00e1rodn\u00ed firm\u011b, co\u017e ji za\u0159adilo k nejv\u011bt\u0161\u00edm akcion\u00e1\u0159\u016fm. Akcie TotalEnergies za posledn\u00edch \u0161est m\u011bs\u00edc\u016f pos\u00edlily o 48 procent. Tr\u017en\u00ed kapitalizace firmy v\u010dera na burze dosahovala 177,34 miliardy eur. Pod\u00edl EP Group tedy m\u00e1 hodnotu 7,5 miliardy eur (179 miliard korun).\u00a0<\/p>\n<p data-darkreader-inline-color=\"\">\u010cEZ\u00a0<\/p>\n<p data-darkreader-inline-color=\"\">Polost\u00e1tn\u00ed energetickou firmu \u010dekaj\u00ed z\u00e1sadn\u00ed zm\u011bny, kter\u00e9 <a href=\"https:\/\/www.e15.cz\/byznys\/benes-dostal-svoleni-k-rozdeleni-cez-akcionari-schvalili-i-dividendu-1433224\" rel=\"nofollow noopener\" target=\"_blank\">odstartovala valn\u00e1 hromada<\/a>\u00a0za\u010d\u00e1tkem \u010dervna. Nejd\u0159\u00edv se do samostatn\u00e9 dce\u0159in\u00e9 firmy vy\u010dlen\u00ed nev\u00fdrobn\u00ed aktiva. P\u0159edev\u0161\u00edm distribuce, prodej a trading. Pod\u00edl 49 procent v nov\u00e9 firm\u011b nab\u00eddne st\u00e1t soukrom\u00fdm investor\u016fm. Zat\u00edm nen\u00ed rozhodnuto, jak\u00fdm zp\u016fsobem. Zda p\u016fjde o p\u0159\u00edmou nab\u00eddku, nebo budou akcie uvedeny na burzu prost\u0159ednictv\u00edm IPO. Z v\u00fdnosu se pak vykoup\u00ed men\u0161inov\u00ed akcion\u00e1\u0159i v \u010cEZ, kte\u0159\u00ed aktu\u00e1ln\u011b dr\u017e\u00ed p\u0159es 30 procent akci\u00ed. Kombinace privatizace a zest\u00e1tn\u011bn\u00ed, v r\u00e1mci n\u00ed\u017e m\u016f\u017ee zm\u011bnit majitele a\u017e 300 miliard korun, bude nejv\u011bt\u0161\u00ed transakc\u00ed st\u00e1tu za posledn\u00ed dek\u00e1dy.\u00a0<\/p>\n<p data-darkreader-inline-color=\"\">PPF\u00a0<\/p>\n<p data-darkreader-inline-color=\"\">Do v\u00fdsledk\u016f PPF loni zas\u00e1hly ztr\u00e1ty plynouc\u00ed z odchodu z vybran\u00fdch asijsk\u00fdch trh\u016f, mimo jin\u00e9 z Indie a Kazachst\u00e1nu. Skupina posiluje sv\u00e9 aktivity na evropsk\u00fdch trz\u00edch. Pokra\u010dovala <a href=\"https:\/\/www.e15.cz\/byznys\/miliardovy-odkup-inpostu-startuje-konsorcium-s-ucasti-ppf-dava-akcionarum-dva-mesice-1432999\" rel=\"nofollow noopener\" target=\"_blank\">v\u00a0navy\u0161ov\u00e1n\u00ed sv\u00e9ho pod\u00edlu ve spole\u010dnosti InPost<\/a>,\u00a0v\u00fdrazn\u00e9m hr\u00e1\u010di v logistice a v\u00fddejn\u00edch boxech. Pod\u00edl PPF v t\u00e9to skupin\u011b nyn\u00ed dosahuje 28,75 procenta. Pokra\u010duje tak\u00e9 v akvizic\u00edch telekomunika\u010dn\u00edch firem p\u0159edev\u0161\u00edm v ji\u017en\u00ed a v\u00fdchodn\u00ed Evrop\u011b.\u00a0<\/p>\n<p>KKCG<\/p>\n<p data-darkreader-inline-color=\"\">Za\u010d\u00e1tkem leto\u0161n\u00edho dubna <a href=\"https:\/\/www.e15.cz\/byznys\/allwyn-vstupuje-na-trh-v-athenach-z-komarkovy-loterijni-skupiny-je-svetova-dvojka-1431638\" rel=\"nofollow noopener\" target=\"_blank\">uvedl Karel Kom\u00e1rek svou loterijn\u00ed firmu Allwyn na burzu v\u00a0At\u00e9n\u00e1ch<\/a>.\u00a0Investor\u016fm nab\u00eddl 22 procent akci\u00ed firmy, ty se nyn\u00ed obchoduj\u00ed za 13,51 eura za akcii. Tr\u017en\u00ed kapitalizace Allwynu dosahuje 10,85 miliardy eur.\u00a0<\/p>\n<p>    \u00a0CSG<\/p>\n<p data-darkreader-inline-color=\"\">Vstupem na burzu ale letos vzbudil nejv\u011bt\u0161\u00ed pozornost Michal Strnad se svoj\u00ed CSG. Vyu\u017eil vrcholu z\u00e1jmu a p\u0159i IPO v Amsterdamu nab\u00eddl investor\u016fm 10 procent skupiny. Byla to nejv\u011bt\u0161\u00ed prim\u00e1rn\u00ed zbroja\u0159sk\u00e1 emise v historii. Z\u00e1jem byl rekordn\u00ed. Investo\u0159i nakoupili akcie za 30 eur za kus. P\u0159esto\u017ee CSG d\u00e1l pokra\u010duje v zaj\u00edmav\u00fdch zahrani\u010dn\u00edch akvizic\u00edch, akcie se po zpr\u00e1v\u011b spole\u010dnosti Hunterbrook, kter\u00e1 nast\u00ednila to, co si ka\u017ed\u00fd mohl p\u0159e\u010d\u00edst ve v\u00fdro\u010dn\u00edch zpr\u00e1v\u00e1ch i prospektu pro burzu v Amsterdamu, propadly.\u00a0<\/p>\n<p data-darkreader-inline-color=\"\">Zna\u010dn\u00e1 \u010d\u00e1st tr\u017eeb i zisk\u016f CSG nem\u011bla poch\u00e1zet z v\u00fdroby, ale z prodeje v\u00fdrobk\u016f jin\u00fdch firem. Hodnota takov\u00e9 firmy b\u00fdv\u00e1 ni\u017e\u0161\u00ed ne\u017e hodnota \u010dist\u00e9ho v\u00fdrobce, za kter\u00e9ho se CSG p\u0159ed vstupem na burzu vyd\u00e1vala a za kter\u00e9ho ji i v\u00fdznamn\u00e1 finan\u010dn\u00ed m\u00e9dia v \u010dele s Bloombergem pova\u017eovala. Aktu\u00e1ln\u011b se akcie CSG obchoduj\u00ed <a href=\"https:\/\/www.e15.cz\/byznys\/nejvetsi-ceske-skupiny\/p\u0159ed%20vstupem na burzu vyd\u00e1vala\" rel=\"nofollow noopener\" target=\"_blank\">na nov\u00e9m dn\u011b<\/a>\u00a0za 14,66 eura za akcii. Tr\u017en\u00ed kapitalizace firmy dosahuje 14,66 miliardy eur (354 miliard korun).\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Ofici\u00e1ln\u00ed v\u00fdsledky nejv\u011bt\u0161\u00edch podnikatelsk\u00fdch skupin v \u010cesku za rok 2025 ukazuj\u00ed, \u017ee v\u0161echny proch\u00e1zej\u00ed silnou transformac\u00ed a s&hellip;\n","protected":false},"author":2,"featured_media":113135,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[12],"tags":[412,623,67,68,42,702,1834,150,10941,5002,622],"class_list":["post-113134","post","type-post","status-publish","format-standard","has-post-thumbnail","category-byznys","tag-akcie","tag-burza","tag-business","tag-byznys","tag-cesko","tag-cez","tag-czechoslovak-group","tag-energetika","tag-ep-group","tag-kkcg","tag-ppf-group"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@cz\/116724793748580071","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/113134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/comments?post=113134"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/113134\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media\/113135"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media?parent=113134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/categories?post=113134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/tags?post=113134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}