Audax Renewables got a Attributed net profit of 45.5 million euros in the first nine months of the year, a figure that multiplies by two (97.4%) the profits of 23 million that it registered in the same period of 2023, as reported this Wednesday to the National Securities Market Commission (CNMV). Furthermore, it has announced that it will carry out a bond buyback program of up to 50 million.
The net result of the energy company, adding that attributed to the parent company and that attributable to external partners, reached 48.2 million euros until September, 91.9% more than that achieved in the first nine months of last year.
The company he runs Jose Elias obtained these profits despite the fall in energy priceswhich caused Audax to reduce its income by 22.1% until September, to 1,389 million, in line with the general evolution of the sector.
However, the firm has assured that this reduction has not affected its profitability, driven by the improvement in gross margin.
On the other hand, the company managed reduce your net financial debt by 9% in year-on-year terms, reaching 266.4 million euros.
He total energy supplied by Audax until the third quarter of 2024 stood at 11.1 TWh, compared to 10.1 TWh in the same period of 2023, 9.2% more.
The company has highlighted that the good performance of the figures so far this year translates into an increase in value for shareholders, for whom a remuneration policy of 15 million euros per year for the shareholders has been approved during this year. coming years. As of the date of publication, payment for the first distribution has already been made.
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