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 ....
