The client reduction continues
In order to improve profitability in the supply business, Audax continues to reduce the number of clients. In Q3 the client reduction amounted to 25k, 6% vs Q2 22 and 27% vs 9M 21. This reduction is more significant in Spain and Hungary and mainly in electricity. On the contrary the energy supply only declined by 14%. With no significant changes to generation business (161 MW installed ex Panama and similar energy output to Q2), gross margin for the group improved ....
16 Nov 2022
Similar trends than in previous quarters
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Similar trends than in previous quarters
The client reduction continues
In order to improve profitability in the supply business, Audax continues to reduce the number of clients. In Q3 the client reduction amounted to 25k, 6% vs Q2 22 and 27% vs 9M 21. This reduction is more significant in Spain and Hungary and mainly in electricity. On the contrary the energy supply only declined by 14%. With no significant changes to generation business (161 MW installed ex Panama and similar energy output to Q2), gross margin for the group improved ....