Drax Group First Half 2024 Earnings: EPS: UK£0.88 (vs UK£0.62 in 1H 2023)

Drax Group (LON:DRX) First Half 2024 Results

Key Financial Results

• Revenue: UK£3.16b (down 19% from 1H 2023).
• Net income: UK£339.7m (up 37% from 1H 2023).
• Profit margin: 11% (up from 6.4% in 1H 2023). The increase in margin was driven by lower expenses.
• EPS: UK£0.88 (up from UK£0.62 in 1H 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Drax Group Earnings Insights

Looking ahead, revenue is expected to decline by 4.0% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Europe are expected to grow by 5.3%.

Performance of the market in the United Kingdom.

The company's shares are up 15% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Drax Group (1 is a bit concerning) you should be aware of.

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