Company Drax Group plc

Equities

DRX

GB00B1VNSX38

Electric Utilities

Market Closed - London S.E. 11:35:24 2024-04-25 am EDT 5-day change 1st Jan Change
525 GBX +2.24% Intraday chart for Drax Group plc +8.47% +7.21%

Business Summary

Drax Group PLC is a United Kingdom-based renewable energy company. The Company is engaged in renewable power generation, the production of sustainable biomass and the sale of renewable electricity to businesses. Its segments include Pellet Production, Generation, and Customers. The Pellet Production segment is engaged in the production and subsequent sale of biomass pellets at the Group’s processing facilities in North America. The Generation segment includes its power generation activities in the United Kingdom. The Customers segment is engaged in the supply of electricity and gas to non-domestic customers in the United Kingdom. It also operates a generation portfolio of sustainable biomass, hydro-electric and pumped hydro storage assets across four sites in England and Scotland. It also operates a bioenergy supply business with manufacturing facilities at 13 sites in the United States and Canada. It also offers installation and maintenance of electric vehicle (EV) charge points.

Number of employees: 3,551

Sales per Business

GBP in Million2022Weight2023Weight Delta
Customers
61.0 %
4,143 53.3 % 4,958 61.0 % +19.68%
Generation
30.6 %
3,639 46.8 % 2,486 30.6 % -31.67%
Pellet Production
4.9 %
377 4.9 % 398 4.9 % +5.46%
Exceptional Items and Certain Remeasurements
3.5 %
-384 -4.9 % 283 3.5 % -173.69%

Sales per region

GBP in Million2022Weight2023Weight Delta
United Kingdom
95.7 %
7,462 96.0 % 7,776 95.7 % +4.22%
Asia
3.4 %
275 3.5 % 280 3.4 % +1.71%
Europe (Excluding United Kingdom)
0.7 %
28 0.4 % 60 0.7 % +118.48%
North America (Canada and United States)
0.1 %
11 0.1 % 9 0.1 % -19.81%

Managers

Managers TitleAgeSince
Chief Executive Officer 60 15-11-15
Director of Finance/CFO 53 19-01-01
Investor Relations Contact - -
Corporate Officer/Principal - 19-08-31
General Counsel - 19-09-30
Human Resources Officer - 20-02-29
Corporate Officer/Principal - -
Corporate Officer/Principal - 23-08-31
Corporate Secretary - 19-01-31

Members of the board

Members of the board TitleAgeSince
Chief Executive Officer 60 15-11-15
Director/Board Member 51 21-10-20
Director of Finance/CFO 53 19-01-01
Chairman 63 23-08-23
Director/Board Member 49 18-06-18
Director/Board Member - 18-01-11
Director/Board Member - 17-07-31
Director/Board Member 73 19-04-16
Director/Board Member - 21-10-20

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 426,909,255 384,029,766 ( 89.96 %) 40,258,547 ( 9.430 %) 89.96 %

Shareholders

NameEquities%Valuation
Invesco Asset Management Ltd.
9.708 %
37,346,901 9.708 % 237 M p
Orbis Investment Management Ltd.
5.010 %
19,274,154 5.010 % 122 M p
Merrill Lynch International (Investment Management)
4.726 %
18,181,190 4.726 % 115 M p
M&G Investment Management Ltd.
3.969 %
15,269,848 3.969 % 97 M p
Schroder Investment Management Ltd.
3.837 %
14,758,444 3.837 % 93 M p
The Vanguard Group, Inc.
3.557 %
13,684,000 3.557 % 87 M p
Royal London Asset Management Ltd.
3.292 %
12,665,000 3.292 % 80 M p
Dimensional Fund Advisors LP
3.040 %
11,694,671 3.040 % 74 M p
BlackRock Investment Management (UK) Ltd.
2.630 %
10,118,938 2.630 % 64 M p
Norges Bank Investment Management
2.243 %
8,628,000 2.243 % 55 M p

Company contact information

Drax Group Plc

Drax Power Station

YO8 8PH, Selby

+44 17 5761 8381

http://www.drax.com
address Drax Group plc(DRX)

Group companies

NameCategory and Sector
Electric Utilities
Electric Utilities
Electric Utilities
Financial Conglomerates
Electric Utilities
Electric Utilities
Electric Utilities
Finance/Rental/Leasing
Financial Conglomerates

Sales per Business

Sales per region

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
5.25 GBP
Average target price
7.574 GBP
Spread / Average Target
+44.26%
Consensus

Annual profits - Rate of surprise

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