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    DRX   GB00B1VNSX38

DRAX GROUP PLC

(DRX)
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Drax : UK renewable energy supplier Haven Power changes name to Drax

09/14/2021 | 05:26am EST

LONDON (Reuters) - British renewable energy supplier Haven Power has changed its name to Drax, its parent company Drax Group said on Tuesday.

Haven Power was acquired by Drax Group in 2009 and supplies more than 20,000 large industrial and commercial customers with renewables-sourced electricity.

With the rebrand, Drax aims to partner with its business customers to support them in achieving their sustainability goals and to help them optimise their energy use, reduce carbon emissions, and minimise costs.

Drax plans to deploy bioenergy with carbon capture and storage (BECCS) at its power station in North Yorkshire. This will remove 8 million tonnes of carbon dioxide from the atmosphere each year by 2030, it said.

(Reporting by Nina Chestney; editing by Jason Neely)


ę Reuters 2021
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Financials
Sales 2021 4 650 M 6 160 M 6 160 M
Net income 2021 107 M 141 M 141 M
Net Debt 2021 1 028 M 1 362 M 1 362 M
P/E ratio 2021 21,0x
Yield 2021 3,23%
Capitalization 2 319 M 3 067 M 3 073 M
EV / Sales 2021 0,72x
EV / Sales 2022 0,59x
Nbr of Employees 2 897
Free-Float 96,4%
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Drax Group plc Technical Analysis Chart | DRX | GB00B1VNSX38 | MarketScreener
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Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 581,00 GBX
Average target price 691,78 GBX
Spread / Average Target 19,1%
EPS Revisions
Managers and Directors
Dwight Daniel Willard Gardiner Chief Executive Officer & Executive Director
Andrew Keith Skelton Chief Financial Officer & Director
Philip Gotsall Cox Chairman
David Nussbaum Senior Independent Non-Executive Director
Nicola Hodson Independent Non-Executive Director
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