FY23 results confirm the improved trend after the tough restructuring
With c.6% lower number of supply clients, Audax was able to increase energy supplied by more than 5%, offsetting part of the negative impact of pricing. But the good news came on gross margin which practically doubled as a result of a better client segmentation and the market access contract signed with Shell at the end of last year. EBITDA reached EUR96m (+78% YoY).
The good operating figures are reflected in lower debt
T ....
29 Feb 2024
Excellent 2023 with strong deleveraging
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Excellent 2023 with strong deleveraging
FY23 results confirm the improved trend after the tough restructuring
With c.6% lower number of supply clients, Audax was able to increase energy supplied by more than 5%, offsetting part of the negative impact of pricing. But the good news came on gross margin which practically doubled as a result of a better client segmentation and the market access contract signed with Shell at the end of last year. EBITDA reached EUR96m (+78% YoY).
The good operating figures are reflected in lower debt
T ....