Drax Chief Executive Will Gardiner comments on 2017 full year results

Drax Group plc Chief Executive comments on full year results

Will Gardiner says there was strong financial performance across the Group in 2017, with all areas of the business profitable for the first time, and there was good progress on delivering the strategy.

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We continued to transform the business in 2017, delivering a strong EBITDA performance, in line with expectations. This was delivered by all parts of the business making positive contributions for the first time.

We also made good progress delivering our strategy, which is clear and unchanged. We are increasing biomass self-supply, developing projects to diversify our generation mix and growing our B2B energy supply business.

The UK is undergoing an energy revolution, starting with a significant reduction in carbon emissions, and to support that we are helping to change the way energy is generated, supplied and used.

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