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Drax Group Plc

DRX.L

Latest Trade

290.00GBp

Change

-4.20(-1.43%)

Volume

734,008

Today's Range

285.20

 - 

295.60

52 Week Range

247.80

 - 

432.69

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Pricing

Previous Close
294.20
Open
295.60
Volume
734,008
3M AVG Volume
22.37
Today's High
295.60
Today's Low
285.20
52 Week High
432.69
52 Week Low
247.80
Shares Out (MIL)
396.43
Market Cap (MIL)
1,166.73
Forward P/E
11.17
Dividend (Yield %)
--

Next Event

Drax Group PLC Capital Markets Day

Latest Developments

More

Drax Expects Capacity Market To Be Re-Instated Shortly

Drax Group Planning Application To Develop Gas Turbine Technology Approved

Drax Group Says Acquisition Bridge Facility Refinancing Completed

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About Drax Group Plc

Drax Group Plc is engaged in the electricity generation; electricity supply to business customers, and manufacturing of sustainable compressed wood pellets for use in electricity production. The Company's segments include Generation, which is engaged in the generation of electricity at Drax Power Station; Biomass Supply, which is engaged in the production of sustainable compressed wood pellets at its processing facilities in the United States, and Retail, which is engaged in the supply of power to business customers and wood pellets to the domestic heat market. Its business units include Drax Power, Haven Power, Drax Biomass and Billington Bioenergy. Drax Biomass provides compressed wood pellets. Haven Power supplies electricity to businesses. Billington Bioenergy supplies sustainable compressed wood pellets to provide businesses and households with renewable heat. Drax Power Station is located near Selby, North Yorkshire, connecting into the national electricity distribution grid.

Industry

Electric Utilities

Contact Info

Drax Power Station

+44.1757.618381

http://www.drax.com

Executive Leadership

Philip G. Cox

Non-Executive Chairman of the Board

Will Gardiner

Group Chief Executive Officer, Executive Director

Andy Skelton

Chief Financial Officer, Executive Director

Jonathan Kini

Chief Executive - Drax Retail

Andy Koss

Chief Executive - Drax Power, Executive Director

Key Stats

2.08 mean rating - 12 analysts
Sell
Hold
Buy
Revenue (MM, GBP)

2016

2.9K

2017

3.7K

2018

4.2K

2019(E)

4.2K
EPS (GBp)

2016

5.000

2017

0.700

2018

10.300

2019(E)

26.341
Price To Earnings (TTM)
42.48
Price To Sales (TTM)
0.27
Price To Book (MRQ)
0.63
Price To Cash Flow (TTM)
5.26
Total Debt To Equity (MRQ)
64.30
LT Debt To Equity (MRQ)
64.05
Return on Investment (TTM)
0.92
Return on Equity (TTM)
0.68

Latest News

Latest News

UPDATE 2-Drax first half profit boosted by Iberdrola deal

* Dividend up 12.5% (Updates with CEO comment, dividend details)

Drax first-half profit boosted by Iberdrola plants deal

British power generator Drax Group Plc on Wednesday reported a jump in adjusted core earnings for the first half, partly boosted by its purchase of gas, hydro and pumped storage power plants from Spain's Iberdrola SA .

BUZZ-Drax: JPM sees small half-year loss on higher costs

** Shares of British power producer Drax Group Plc were down 2.2% at 269 pence

UPDATE 2-Profits at Britain's Drax rise on higher renewable power output

Drax, Britain's third largest power generator, reported a 9 percent rise in full-year earnings on Tuesday, driven by higher renewable power generation from its biomass units.

Drax profit rises 9 pct on higher biomass power generation, pellet output

British power producer Drax Group Plc reported a 9 percent rise in full-year core earnings on Tuesday, driven by higher levels of renewable power generation from its biomass units.

UPDATE 2-Drax, Iberdrola revise plants deal after EU decision

British power producer Drax Group Plc has revised the terms of its deal to buy UK generation assets from Spain's Iberdrola to ensure it gets a rebate on lost capacity payments due to a pause in a government scheme.

Drax, Iberdrola tweak plants deal after EU decision

British power producer Drax Group Plc has tweaked the terms of its deal to buy UK generation facilities from Spain's Iberdrola to share additional risks due to a recent EU decision on Britain's state-supported back-up power scheme.

Drax profits hit by biomass plant outages, shares fall

British power producer Drax Group Plc <DRX.L> reported a 16 percent fall in first-half earnings on Tuesday, partly related to outages at its biomass plants, sending its shares down more than 6 percent.

UK's Drax submits application to develop gas generation and storage project

Britain's Drax Power Station, part of Drax Group, has submitted an application to planning authorities to develop a gas generation and battery storage project, the firm said on Wednesday.

Britain's Drax launches bioenergy carbon capture project

British power company Drax will start work this month on a pilot bioenergy carbon capture and storage (CCS) project at its plant in Yorkshire, northern England, it said on Monday.

Britain's Drax could close coal plants ahead of 2025 deadline

British power generator Drax could end production at its coal plants ahead of a government imposed deadline of 2025, the company's CEO said on Monday.

UPDATE 1-British power producer Drax beats earnings expectations, shares jump

British power producer Drax Group Plc beat full-year core earnings expectations on Tuesday, sending its shares up by as much as 9 percent.

British power producer Drax beats on core earnings

British power producer Drax Group Plc reported full-year core earnings above analysts' expectations, helped by higher profit from its biomass power plants and the acquisition of Opus Energy.

Drax appoints Den Jones as interim CFO

Electric Utility company Drax Group on Friday appointed Den Jones as interim chief financial officer from Nov. 1.

BRIEF-Drax Group updates on ‍sale of Billington Bioenergy​

* SALE TO AGGREGATED MICRO POWER HOLDINGS 2 AND DEAL VALUE IS 2 MILLION STG, COMPRISED OF 1.6 MILLION STG OF SHARES IN AMPH AND 0.4 MILLION STG CASH

UPDATE 1-Drax speeds up plans for coal conversion to gas

* Reports H1 loss but says full-year on track (Updates, adds details, background, CEO, shares)

Drax falls to first-half loss after forex hit

British power producer Drax reported a half-year pretax loss on Wednesday after a one-off hit on foreign exchange hedging.

Drax to engage with investors after a third reject 2016 pay plan

British power company Drax will engage further with shareholders on executive pay, it said on Thursday, after a third of investors opposed its remuneration report.

BRIEF-Drax faces some investor opposition to annual remuneration report

* 77.03 percent of votes cast at AGM in favour of approval of directors' remuneration policy, 22.97 percent of votes cast against

BRIEF-Drax Group looking to buy some distressed pellet plants in U.S.

* Process for potential acquisition of distressed pellet plants

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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