Drax reported a set of FY18 results broadly in line with estimates (<1% short). The group posted a 9% growth in adjusted EBITDA, translating the continued ramp-up of the wood pellet business as well as a resilient market share in the B2B supply division, which helped to offset an outage in Q1-18 and higher coal/carbon prices in the UK.
26 Feb 2019
FY18 in line, helped by the wood pellet business
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FY18 in line, helped by the wood pellet business
Drax Group plc (DRX:LON) | 500 0 0.0% | Mkt Cap: 1,924m
- Published:
26 Feb 2019 -
Author:
Edouard Enault -
Pages:
3
Drax reported a set of FY18 results broadly in line with estimates (<1% short). The group posted a 9% growth in adjusted EBITDA, translating the continued ramp-up of the wood pellet business as well as a resilient market share in the B2B supply division, which helped to offset an outage in Q1-18 and higher coal/carbon prices in the UK.