Drax Group PLC
ISIN: GB00B1VNSX38 | Ticker: DRX | LEI: 549300YPSNTXR4ZHSR98
Country: United Kingdom
Drax Group PLC is a British energy company that specializes in sustainable and renewable energy production. The company is headquartered in Selby, North Yorkshire, England, and operates the Drax Power Station, which is one of the largest power stations in the UK. Drax Group PLC is committed to reducing carbon emissions and has shifted its focus towards biomass, a renewable and sustainable energy source, as a replacement for coal. The company has made significant investments in biomass technology and has successfully converted three of its six power generating units to run on biomass, reducing its carbon emissions by up to 80%. Drax Group PLC is dedicated to providing clean and sustainable energy solutions, and is committed to leading the way in the transition to a low-carbon energy future.
Year founded2005
Served areaUnited Kingdom
HeadquartersDrax Power Station, YO8 8PH Selby – United Kingdom
| Line item in (gbp) | 01.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|---|
| Noncurrent Assets | N/A | 2,580,200,000.00 | 3,476,000,000.00 | 3,597,200,000.00 |
| Property Plant And Equipment | N/A | 1,941,100,000.00 | 2,310,700,000.00 | 2,388,000,000.00 |
| Goodwill | N/A | 248,200,000.00 | 416,300,000.00 | 424,200,000.00 |
| Intangible Assets Other Than Goodwill | N/A | 181,800,000.00 | 188,600,000.00 | 142,300,000.00 |
| Investment Accounted For Using Equity Method | N/A | N/A | 5,500,000.00 | 6,900,000.00 |
| Deferred Tax Assets | N/A | 65,300,000.00 | 28,700,000.00 | 37,300,000.00 |
| Other Noncurrent Financial Assets | N/A | 1,500,000.00 | 5,500,000.00 | N/A |
| Noncurrent Recognised Assets Defined Benefit Plan | N/A | 9,500,000.00 | 48,900,000.00 | 38,500,000.00 |
| Noncurrent Derivative Financial Assets | N/A | 103,800,000.00 | 357,500,000.00 | 421,700,000.00 |
| Current Assets | N/A | 1,612,700,000.00 | 2,348,400,000.00 | 2,797,200,000.00 |
| Inventories | N/A | 208,200,000.00 | 199,100,000.00 | 348,100,000.00 |
| Cash and cash equivalents | 404,100,000.00 | 289,800,000.00 | 317,400,000.00 | 238,000,000.00 |
| Noncurrent Assets Or Disposal Groups Classified As Held For Sale Or As Held For Distribution To Owners | N/A | 261,300,000.00 | 0.00 | N/A |
| Current Derivative Financial Assets | N/A | 179,500,000.00 | 888,600,000.00 | 796,300,000.00 |
| Equity | 1,715,600,000.00 | 1,339,400,000.00 | 1,306,800,000.00 | 1,324,200,000.00 |
| Issued Capital | N/A | 47,500,000.00 | 47,700,000.00 | 47,900,000.00 |
| Retained Earnings | N/A | 153,400,000.00 | 198,300,000.00 | 193,800,000.00 |
| Share Premium | N/A | 430,000,000.00 | 432,200,000.00 | 433,300,000.00 |
| Other Reserves | N/A | 697,300,000.00 | 706,000,000.00 | 747,700,000.00 |
| Equity Attributable To Owners Of Parent | N/A | 1,339,400,000.00 | 1,285,300,000.00 | 1,310,800,000.00 |
| Noncontrolling Interests | N/A | 0.00 | 21,500,000.00 | 13,400,000.00 |
| Noncurrent Liabilities | N/A | 1,545,500,000.00 | 2,284,700,000.00 | 2,462,600,000.00 |
| Noncurrent Provisions | N/A | 91,200,000.00 | 86,400,000.00 | 58,600,000.00 |
| Deferred Tax Liabilities | N/A | 222,000,000.00 | 225,300,000.00 | 141,600,000.00 |
| Noncurrent Recognised Liabilities Defined Benefit Plan | N/A | 1,300,000.00 | 0.00 | N/A |
| Noncurrent Derivative Financial Liabilities | N/A | 142,100,000.00 | 541,800,000.00 | 735,400,000.00 |
| Longterm Borrowings | N/A | 1,065,700,000.00 | 1,320,400,000.00 | 1,396,600,000.00 |
| Current Liabilities | N/A | 1,308,000,000.00 | 2,232,900,000.00 | 2,607,600,000.00 |
| Liabilities Included In Disposal Groups Classified As Held For Sale | N/A | 82,500,000.00 | 0.00 | N/A |
| Current Derivative Financial Liabilities | N/A | 311,500,000.00 | 962,700,000.00 | 989,400,000.00 |
| Line item in (gbp) | 01.01.2020/ 01.01.2021 |
01.01.2021/ 01.01.2022 |
01.01.2022/ 01.01.2023 |
|---|---|---|---|
| Revenue | 4,244,700,000.00 | 5,088,000,000.00 | 7,775,300,000.00 |
| Revenue From Interest | 500,000.00 | 400,000.00 | 4,300,000.00 |
| Depreciation Expense | 133,100,000.00 | 165,000,000.00 | 208,000,000.00 |
| Amortisation Expense | 38,400,000.00 | 34,400,000.00 | 31,400,000.00 |
| Other Gains Losses | N/A | -9,400,000.00 | -5,800,000.00 |
| Profit Loss From Operating Activities | -156,100,000.00 | 196,500,000.00 | 146,300,000.00 |
| Profit Loss Before Tax | -234,700,000.00 | 121,500,000.00 | 78,100,000.00 |
| Income Tax Expense Continuing Operations | -40,100,000.00 | 66,400,000.00 | -4,400,000.00 |
| Profit Loss From Continuing Operations | -194,600,000.00 | 55,100,000.00 | 82,500,000.00 |
| Profit Loss From Discontinued Operations | 36,700,000.00 | 24,100,000.00 | 0.00 |
| Profit (loss) | -157,900,000.00 | 79,200,000.00 | 82,500,000.00 |
| Profit Loss Attributable To Owners Of Parent | -157,900,000.00 | 79,700,000.00 | 85,100,000.00 |
| Profit Loss Attributable To Noncontrolling Interests | 0.00 | -500,000.00 | -2,600,000.00 |
| Line item in (gbp) | 01.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|---|
| Profit (loss) | N/A | -157,900,000.00 | 79,200,000.00 | 82,500,000.00 |
| Cash Flows From Used In Operations | N/A | 413,400,000.00 | 354,500,000.00 | 320,300,000.00 |
| Interest Paid Classified As Operating Activities | N/A | 59,200,000.00 | 60,500,000.00 | 77,200,000.00 |
| Interest Received Classified As Operating Activities | N/A | 300,000.00 | 100,000.00 | 3,300,000.00 |
| Income Taxes Paid Refund Classified As Operating Activities | N/A | 48,300,000.00 | -12,400,000.00 | 38,700,000.00 |
| Cash Flows From Used In Operating Activities | N/A | 306,200,000.00 | 306,500,000.00 | 207,700,000.00 |
| Cash Flows From Losing Control Of Subsidiaries Or Other Businesses Classified As Investing Activities | N/A | 0.00 | 183,700,000.00 | 0.00 |
| Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities | N/A | 0.00 | 203,500,000.00 | 7,600,000.00 |
| Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities | N/A | 1,600,000.00 | 700,000.00 | 1,600,000.00 |
| Purchase Of Property Plant And Equipment Classified As Investing Activities | N/A | 163,800,000.00 | 191,000,000.00 | 163,900,000.00 |
| Purchase Of Intangible Assets Classified As Investing Activities | N/A | 10,600,000.00 | 18,700,000.00 | 10,800,000.00 |
| Proceeds From Other Longterm Assets Classified As Investing Activities | N/A | 1,500,000.00 | 0.00 | N/A |
| Cash Flows From Used In Investing Activities | N/A | -171,300,000.00 | -228,800,000.00 | -180,700,000.00 |
| Proceeds From Issuing Shares | N/A | 500,000.00 | 2,400,000.00 | 1,200,000.00 |
| Proceeds From Borrowings Classified As Financing Activities | N/A | 298,900,000.00 | 302,600,000.00 | 188,500,000.00 |
| Repayments Of Borrowings Classified As Financing Activities | N/A | 475,000,000.00 | 256,300,000.00 | 186,400,000.00 |
| Payments Of Lease Liabilities Classified As Financing Activities | N/A | 8,800,000.00 | 13,200,000.00 | 18,000,000.00 |
| Dividends Paid Classified As Financing Activities | N/A | 64,700,000.00 | 70,900,000.00 | 78,900,000.00 |
| Cash Flows From Used In Financing Activities | N/A | -249,100,000.00 | -50,400,000.00 | -111,900,000.00 |
| Increase (decrease) in cash and cash equivalents before effect of exchange rate changes | N/A | -114,200,000.00 | 27,300,000.00 | -84,900,000.00 |
| Effect Of Exchange Rate Changes On Cash And Cash Equivalents | N/A | -100,000.00 | 300,000.00 | 5,500,000.00 |
| Cash and cash equivalents | 404,100,000.00 | 289,800,000.00 | 317,400,000.00 | 238,000,000.00 |
Please note that some sums might not add up.
| Position Holder | Short Interest in Percent | Date |
|---|---|---|
| ShadowFall Capital & Research LLP | 0.60% | 18.10.23 |
| GLG Partners LP | 0.59% | 31.10.23 |
| Marshall Wace LLP | 0.72% | 03.08.23 |
| Moore Capital Management LP | 0.72% | 14.07.23 |
| Marshall Wace LLP | 1.00% | 14.03.24 |
| BlackRock Investment Management (UK) Limited | 1.21% | 16.01.24 |
| Marshall Wace LLP | 0.50% | 18.01.24 |
| Marshall Wace LLP | 1.11% | 19.03.24 |
| GLG Partners LP | 0.63% | 23.10.23 |
| ShadowFall Capital & Research LLP | 0.63% | 06.10.23 |
| Marshall Wace LLP | 0.79% | 08.09.23 |
| Marshall Wace LLP | 1.18% | 09.04.24 |
| Moore Capital Management LP | 0.65% | 11.04.24 |
| Marshall Wace LLP | 0.80% | 06.02.24 |
| Marshall Wace LLP | 0.85% | 29.02.24 |
| BlackRock Investment Management (UK) Limited | 1.59% | 12.10.23 |
| ShadowFall Capital & Research LLP | 0.58% | 13.10.23 |
| ShadowFall Capital & Research LLP | 0.55% | 14.12.23 |
| BlackRock Investment Management (UK) Limited | 1.60% | 21.09.23 |
| GLG Partners LP | 0.54% | 18.09.23 |
| Marshall Wace LLP | 0.68% | 15.09.23 |
| ShadowFall Capital & Research LLP | 0.52% | 15.09.23 |
| BlackRock Investment Management (UK) Limited | 0.94% | 25.01.24 |
| Marshall Wace LLP | 1.22% | 26.03.24 |
| Marshall Wace LLP | 0.90% | 09.02.24 |
| ShadowFall Capital & Research LLP | 0.70% | 23.11.23 |
| Marshall Wace LLP | 0.89% | 31.08.23 |
| Marshall Wace LLP | 0.70% | 31.01.24 |
| BlackRock Investment Management (UK) Limited | 1.06% | 09.01.24 |
| Total | 24.45% |
GB00B1VNSX38
LEI549300YPSNTXR4ZHSR98
SectorFTSE 250
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