
Dec 11 (Reuters) - Drax Group PLC DRX.L:
TRADING UPDATE
EXPECTS 2025 ADJUSTED. EBITDA AT TOP END OF CONSENSUS
TARGETS £3 BILLION FREE CASH FLOW FROM 2025 TO 2031
BY 2050, DEMAND FOR POWER IS EXPECTED TO DOUBLE
NOW EXPECTS TO RETAIN OPEN CYCLE GAS TURBINES ASSETS AS A PART OF ITS FLEXGEN PORTFOLIO
EXPECTS TO ALLOCATE UP TO C.£2 BILLION TO INCREMENTAL INVESTMENT, PRIMARILY IN FLEXIBLE AND RENEWABLE ENERGY UK NEEDS
IN MEDIUM TERM PELLET PRODUCTION US BUSINESS IS WELL UNDERPINNED BY SALES INTO UK, CANADIAN BUSINESS EXPECTED TO BE MORE CHALLENGED
DECISION TO CLOSE DRAX'S PELLET PLANT IN WILLIAMS LAKE