2021: A difficult year, with a good balance operationally
The strong increase in gas and merchant electricity prices negatively impacted Audax during Q2. In H2 21 the company was able to significantly improve its profitability levels. This was made possible by higher hedging but mainly thanks to a commercial strategy of relinquishing unprofitable clients. The company reduced its number of clients by 5% in Q4 (mainly in Spain and the Netherlands -8% and -13%) which allowed it to improve EBITDA m ....
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
A difficult year
2021: A difficult year, with a good balance operationally
The strong increase in gas and merchant electricity prices negatively impacted Audax during Q2. In H2 21 the company was able to significantly improve its profitability levels. This was made possible by higher hedging but mainly thanks to a commercial strategy of relinquishing unprofitable clients. The company reduced its number of clients by 5% in Q4 (mainly in Spain and the Netherlands -8% and -13%) which allowed it to improve EBITDA m ....