Drax Group plc (GB:DRX) has released an update.
Drax Group PLC has delivered robust operational and financial results for the first half of 2024, reporting a significant increase in adjusted EBITDA and announcing a £300 million share buyback program. With an emphasis on renewable energy generation and pellet production, the company is aligning its growth strategies with the UK’s decarbonisation goals. Additionally, Drax is committed to enhancing shareholder value through a sustainable and growing dividend, with a 12.6% increase expected for the full year.
For further insights into GB:DRX stock, check out TipRanks’ Stock Analysis page.
