Audax Renovables sees best day since 2023 after new strategic plan

Audax Renovables SA

20/11/2025 15:59

** Shares of Audax Renovables ADXR.MC rise around 9% in the afternoon trade after the Spanish renewables company  presented its strategic plan for 2026-2030

** Audax says it targets an annual net result of over 85 million euros ($98 million) in 2030 against over 35 million euros expected in 2025, and EBITDA of over 180 million euros in 2030 versus over 100 million euros in 2025

** It also announces a buyback program of maximum 20 million euros for up to 15 million shares, representing 3.30% of the company's share capital

** Audax shares are set for their best day since January 2023

** Today's gains added 51 million euros to the company's market cap; up to the previous session's close, shares were down 17.7%​ year to date

($1 = 0.8679 euros)

 (Reporting by Gemma Guasch)

 ((gemma.guasch@thomsonreuters.com))