Really good half-year results for the group. Revenues increased in all divisions, pushing sales up by 20% yoy to £1.51bn, beating estimates by 5.2% due to greater electricity generation output (+20% yoy) with a significant increase in biomass generation, increase in sales in retail (+22% yoy), and higher volumes delivered (+21% yoy). The improvement in revenues has pushed EBITDA upwards by 17% yoy to reach £119.9m, 14.7% better than market expectations with operating profit at &po
28 Jul 2015
Positive short-term results before the impact of the Levy Tax Exemption removal
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Positive short-term results before the impact of the Levy Tax Exemption removal
Drax Group plc (DRX:LON) | 500 0 0.0% | Mkt Cap: 1,924m
- Published:
28 Jul 2015 -
Author:
Juan Camilo Rodriguez -
Pages:
3
Really good half-year results for the group. Revenues increased in all divisions, pushing sales up by 20% yoy to £1.51bn, beating estimates by 5.2% due to greater electricity generation output (+20% yoy) with a significant increase in biomass generation, increase in sales in retail (+22% yoy), and higher volumes delivered (+21% yoy). The improvement in revenues has pushed EBITDA upwards by 17% yoy to reach £119.9m, 14.7% better than market expectations with operating profit at &po