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Drax Group

Current Price 477.50p Bid 476.60p Ask 483.10p Change 1.13%
Last Updated: 19/03/2024 06:11. Prices delayed by at least 15 minutes.
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Company Overview

Drax Group is a renewable energy company engaged in renewable power generation, the production of sustainable biomass and the sale of renewable electricity to businesses. Drax operates a generation portfolio of sustainable biomass, hydro-electric and pumped hydro storage assets across four sites in England and Scotland. It is the UK's largest source of renewable electricity. The company also operates a global bioenergy supply business with manufacturing facilities at 13 sites in the United States and Canada, producing compressed wood pellets for its own use and for customers in Europe and Asia.

Financial Highlights Year Ended 31/12/2019

Revenue
£4,713.40m
Operating Profit/Loss
£62.00m
Dividend yield (%)
5.10
Total dividend for year
15.9000p
Dividend cover
1.88
P/E Ratio
10.50

Key Personnel

Ms Andrea Bertone
Chairman
Mr Will Gardiner
Chief Executive Officer
Mr Andy Skelton
Chief Financial Officer
Ms Nicola Hodson
Independent Non-Executive Director
Ms Vanessa Simms
Independent Non-Executive Director
Mr Erika Peterman
Non-Executive Director
Mr John Baxter
Non-Executive Director
Mr Kim Keating
Non-Executive Director
Mr David Nussbaum
Senior Independent Director

Stock Details

EPIC
DRXL
ISIN
GB00B1VNSX38
Shares in Issue
406.35m
Market cap
£1,940.31m

Analyst Views (2)

Strong Buy
 
0%
Buy
 
100.00%
Hold
 
0%
Sell
 
0%
Strong Sell
 
0%
This information is provided by Web Financial Group (UK) Limited. It is subject to change without notice and doesn't reflect the views held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
477.50p
Bid Price
476.60p
Ask Price
483.10p
Volume
130,886
Change Today
5.35p
% Change Today
1.13%
Open
469.10p
Previous Close
477.50p
Intraday High
478.70p
Intraday Low
467.85p
52 Week High
646.40p
52 Week Low
401.80p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

Income Statement

Year End Date
31 Dec 2019
31 Dec 2018
 
£ (M)
£ (M)
Continuing Operations
Revenue
4,713.40
4,229.00
Operating Profit/Loss
62.00
59.90
Net Interest
-65.20
-46.40
Pre-Tax Profit
-2.80
13.80
Profit After Tax from continuing operations
0.50
20.20
Discontinued Operations
Profit After Tax
n/a
n/a
Profit/Loss for the Year
0.50
20.20
Attributable to:
Equity Holders of Parent Company
0.50
20.20
Minority Interests
n/a
n/a
Total Dividend Paid
15.9000p
14.1000p
Retained Profit/(Loss) for the Financial Year
n/a
n/a

Earnings per Share

Year End Date
31 Dec 2019
31 Dec 2018
Basic
0.10p
5.00p
Diluted
0.10p
4.90p
Adjusted
29.90p
10.40p
Dividend per Share
15.9000p
14.1000p

Assets

Year End Date
31 Dec 2019
31 Dec 2018
 
£ (M)
£ (M)
Non-Current Assets
Property, Plant & Equipment
2,358.80
2,347.60
Intangible Assets
455.10
477.00
Investment Properties
n/a
n/a
Investments
3.00
2.40
Other Financial Assets
n/a
n/a
Other Non-Current Assets
204.60
348.60
Current Assets
Inventories
292.00
222.50
Trade & Other Receivables
608.80
474.20
Cash at Bank & In Hand
404.10
289.00
Current Asset Investments
n/a
n/a
Other Current Assets
356.40
432.10
Other Assets
n/a
n/a
Total Assets
4,682.80
4,593.40

Liabilities

Year End Date
31 Dec 2019
31 Dec 2018
 
£ (M)
£ (M)
Current Liabilities
Borrowings
6.30
0.10
Other Current Liabilities
1,293.50
1,730.10
Total Current Liabilities
1,299.80
1,730.20
Non-Current Liabilities
Borrowings
1,271.40
608.00
Provisions
323.10
366.70
Other Non-Current Liabilities
72.90
62.00
Total Non-Current Liabilities
1,667.40
1,036.70
Other Liabilities
n/a
n/a
Total Liabilities
2,967.20
2,766.90

Net Assets

Year End Date
31 Dec 2019
31 Dec 2018
 
£ (M)
£ (M)
Net Assets
1,715.60
1,826.50

Capital & Reserves

Year End Date
31 Dec 2019
31 Dec 2018
 
£ (M)
£ (M)
Share Capital
47.40
47.00
Share Premium Account
429.60
424.70
Other Reserves
868.90
912.10
Retained Earnings
369.70
442.70
Shareholders Funds
1,715.60
1,826.50
Minority Interests/Other Equity
n/a
n/a
Total Equity
1,715.60
1,826.50

Dividend History

Type
Ex-Dividend Date
Payment Date
Payment
Final
18 Apr 2024
17 May 2024
13.90p
Interim
24 Aug 2023
06 Oct 2023
9.20p
Final
20 Apr 2023
19 May 2023
12.60p
Interim
25 Aug 2022
07 Oct 2022
8.40p
Final
28 Apr 2022
13 May 2022
11.30p
Interim
26 Aug 2021
08 Oct 2021
7.50p
Final
22 Apr 2021
14 May 2021
10.30p
Interim
20 Aug 2020
02 Oct 2020
6.80p
Final
23 Apr 2020
15 May 2020
9.50p
Interim
19 Sep 2019
11 Oct 2019
6.40p
Final
18 Apr 2019
10 May 2019
8.50p
Interim
20 Sep 2018
12 Oct 2018
5.60p
Final
19 Apr 2018
11 May 2018
7.40p
Interim
21 Sep 2017
06 Oct 2017
4.90p
Final
20 Apr 2017
12 May 2017
0.40p
Interim
22 Sep 2016
07 Oct 2016
2.10p
Final
21 Apr 2016
13 May 2016
0.60p
Interim
24 Sep 2015
09 Oct 2015
5.10p
Special
17 Sep 2008
08 Oct 2008
9.70p
Special
17 Sep 2008
08 Oct 2008
9.70p
Special
17 Sep 2008
08 Oct 2008
9.70p
Special
17 Sep 2008
08 Oct 2008
9.70p

Dividend Metrics

Year End Date
31 Dec 2019
31 Dec 2018
Dividend growth
12.77%
14.63%
Dividend yield
5.10%
3.90%
Dividend cover
1.88
0.74


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