Drax Group plc is a FTSE 250 company at the cutting edge of research and development in renewable power generation. The company owns and operates the UK’s largest power station, typically providing 7 – 8% of the UK’s electricity. By transforming itself into a predominantly biomass-fuelled generator, it is delivering Europe’s single largest decarbonisation project. It is now a world leader in sourcing sustainable biomass through its US business, Drax Biomass. In March 2015, Drax acquired Billington Bioenergy, the UK’s second largest wood pellet distributor. The move supports the company’s intention to enter the UK’s growing biomass heat sector and complements its core business. At the other end of the supply chain, it supplies renewable electricity to businesses through its retail arm Haven Power.
Type
Public
HQ
Drax, GB
Founded
2005
Size (employees)
1,467 (est)+2%
Website
drax.com
Drax Group was founded in 2005 and is headquartered in Drax, GB
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Drax Group Office Locations

Drax Group has an office in Drax
Drax, GB (HQ)
Drax Power Station
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Drax Group Financials and Metrics

Drax Group Financials

Drax Group's revenue was reported to be £3.69 b in FY, 2017
GBP

Revenue (FY, 2017)

3.7 b

Gross profit (FY, 2017)

545 m

Gross profit margin (FY, 2017), %

14.8%

Net income (FY, 2017)

(151.1 m)

EBITDA (FY, 2017)

5.6 m

EBIT (FY, 2017)

(117.1 m)

Market capitalization (31-Oct-2017)

1.1 b

Closing share price (31-Oct-2017)

2.8

Cash (31-Dec-2017)

222.3 m
Drax Group's current market capitalization is £1.1 b.
GBPFY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.8 b1.5 b1.6 b1.8 b1.8 b2.1 b2.8 b3.1 b2.9 b3.7 b

Revenue growth, %

36%9%(4%)

Cost of goods sold

970 m1.1 b1.3 b1.3 b1.6 b2.4 b2.7 b2.6 b3.1 b

Gross profit

505.8 m550.5 m500.8 m510.9 m445.1 m449.8 m408.8 m376.3 m545 m
GBPFY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

130.2 m80.4 m236 m202.8 m371.7 m267.3 m180.9 m133.8 m228.4 m222.3 m

Accounts Receivable

228.3 m173.8 m228.2 m206.5 m215 m220.5 m297.4 m256.5 m187 m334.7 m

Inventories

189.5 m205.9 m116.6 m137.6 m157.6 m196.5 m242.4 m224 m287.5 m272.1 m

Current Assets

866.1 m859 m826.3 m792.4 m840.4 m899.1 m1.2 b1.3 b1.5 b1.2 b
GBPFY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

332.9 m110.9 m188.4 m464.6 m163.8 m51.4 m128.7 m56.3 m193.9 m(151.1 m)

Cash From Operating Activities

309.5 m328.1 m411.1 m198.5 m203.1 m142.3 m89.7 m148.1 m190.8 m315.2 m

Dividends Paid

110 m145 m86.5 m123.7 m95.7 m78.8 m55 m49.9 m11 m21.6 m

Cash From Financing Activities

(147.6 m)(218.1 m)(153.2 m)(252.9 m)171.8 m45 m44.1 m(54.1 m)(10.9 m)235.3 m
GBPY, 2017

Revenue/Employee

2.5 m

Financial Leverage

2 x
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Drax Group Operating Metrics

FY, 2016

Electricity Generated, Twh

14.60

Wood Pellets, metric tonnes

607 k
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Drax Group Revenue Breakdown

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Drax Group revenue breakdown by business segment: 45.0% from Retail, 55.0% from Generation and 0.0% from Other

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Drax Group Online and Social Media Presence

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