In This Article:
Drax Group (LON:DRX) Full Year 2024 Results
Key Financial Results
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Revenue: UK£6.16b (down 24% from FY 2023).
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Net income: UK£526.6m (down 6.3% from FY 2023).
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Profit margin: 8.5% (up from 6.9% in FY 2023). The increase in margin was driven by lower expenses.
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EPS: UK£1.38 (down from UK£1.43 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Drax Group EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 22%. Earnings per share (EPS) exceeded analyst estimates by 6.9%.
Looking ahead, revenue is forecast to decline by 7.1% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Europe are expected to remain flat.
Performance of the market in the United Kingdom.
The company's shares are down 3.0% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for Drax Group (1 makes us a bit uncomfortable!) that we have uncovered.
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