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Companies >
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Audax Renovables SA >
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Similar trends than in previous quarters

working
  • 16 Nov 2022

Similar trends than in previous quarters


Audax Renovables SA (ADX:MCE) | 0 0 0.0%


  • BNP Paribas Exane - Sponsored Research
    • Ruiz Francisco FR

    • 8 pages


 

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 ....

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Similar trends than in previous quarters


Audax Renovables SA (ADX:MCE) | 0 0 0.0%


  • Published: 16 Nov 2022
  • Author: Ruiz Francisco FR
  • Pages: 8
  • BNP Paribas Exane - Sponsored Research


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 ....


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