Drax Group (LON:DRX) Full Year 2022 Results

Key Financial Results

• Revenue: UK£7.78b (up 53% from FY 2021).

• Net income: UK£85.1m (up 53% from FY 2021).

• Profit margin: 1.1% (in line with FY 2021).

• EPS: UK£0.21 (up from UK£0.14 in FY 2021).

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

Drax Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) missed analyst estimates by 75%.

Looking ahead, revenue is expected to fall by 8.2% p.a. on average during the next 3 years compared to a 12% decline forecast for the Renewable Energy industry in the United Kingdom.

Performance of the British Renewable Energy industry.

The company's shares are down 5.0% from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for Drax Group (2 are concerning!) that you should be aware of before investing here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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