Executive Summary
Drax Group plc is the owner of Europe's largest coal-fired power station (4000-megawatt). It provides 7 per cent of Britain's electricity needs.
The business had revenues of £1,247m and EBITDA of £506m respectively.
Company History
- Originally built, owned and operated by the Central Electricity Generating Board, Drax Power Station was constructed and commissioned in two stages. Stage one was completed in 1974, some 12 years later in 1986 stage two was completed. It is the newest and most efficient coal-fired power station in the UK.
- Drax Group underwent a financial restructuring in 2003 after its largest customer, TXU Europe, filed for administrative protection. The company was formerly owned by US generation firm AES.
- The company was listed on the London Stock Exchange in 2005.
Current Events
Business Model
Products/Services
Drax currently provides enough power to meet 7% of the UK’s electricity needs.
Segments/Customers
Production/Operations
Drax Power employs some 700 people.
Distribution/Routes to Market
Drax sell all its power through the wholesale market.
Market & Competition
Market Share
Main Competitors
Competitive Strengths and Weaknesses
Management
Financials
Historicals
Current Trading
Forecast Drivers and Issues
Balance sheet
Cashflow
Valuation
Comparable Companies
SWOT Analysis
Strengths
Weaknesses
Opportunities
Threats
