{"id":14799,"date":"2025-05-14T07:00:54","date_gmt":"2025-05-14T07:00:54","guid":{"rendered":"https:\/\/www.audaxrenovables.com\/en\/?p=14799"},"modified":"2025-05-14T07:42:19","modified_gmt":"2025-05-14T07:42:19","slug":"audax-renovables-increases-its-ebitda-to-33-million-1-q-2025","status":"publish","type":"post","link":"https:\/\/www.audaxrenovables.com\/en\/audax-renovables-increases-its-ebitda-to-33-million-1-q-2025\/","title":{"rendered":"Audax Renovables reports record EBITDA of over EUR  33 million in the first quarter"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"14799\" class=\"elementor elementor-14799\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6314da46 elementor-section-content-middle elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"6314da46\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-20 elementor-top-column elementor-element elementor-element-1bc06728\" data-id=\"1bc06728\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7ddce908 elementor-widget elementor-widget-image\" data-id=\"7ddce908\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! 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elementor - v3.7.8 - 02-10-2022 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">Audax Renovables reports record EBITDA of over EUR  33 million in the first quarter<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4b7e33d elementor-widget elementor-widget-bdt-breadcrumbs\" data-id=\"4b7e33d\" data-element_type=\"widget\" data-widget_type=\"bdt-breadcrumbs.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class='bdt-ep-breadcrumbs-wrapper'><ul class=\"bdt-ep-breadcrumb  breadcrumb-align-center \"><li><a href=\"https:\/\/www.audaxrenovables.com\/en\/\">Audax Renovables<\/a><\/li>\n<\/ul><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-48404194 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"48404194\" data-element_type=\"section\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-539c892d\" data-id=\"539c892d\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5a181db8 elementor-widget elementor-widget-text-editor\" data-id=\"5a181db8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.7.8 - 02-10-2022 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#818a91;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#818a91;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<h3>\u00a0<\/h3><h3><span style=\"color: #ff9900;\">\u25cf <\/span><span style=\"color: #ff9900;\">\u00a0The company&#8217;s gross margin increased to EUR 63 million (+4%) and EBITDA to EUR 33.3 million (+6%), consolidating the positive impact of the strategic decisions implemented in previous years.<\/span><\/h3><h3><span style=\"color: #ff9900;\">\u25cf <\/span><span style=\"color: #ff9900;\">\u00a0The increase in energy supplied to 4.9 TWh (+8%) is key to the new boost in the company&#8217;s EBITDA.<\/span><\/h3><h3><span style=\"color: #ff9900;\">\u25cf <\/span><span style=\"color: #ff9900;\">Audax achieves its highest level of financial solvency and improves its credit profile, resulting in a rating upgrade by EthiFinance to BBB- with a positive outlook<\/span><\/h3><div><strong><span style=\"color: #ff9900;\">\u00a0<\/span><\/strong><\/div><p><strong>May 14, 2025<\/strong> \u2013 Audax Renovables (ADX.MC), a vertically integrated Spanish energy group that generates 100% renewable energy and supplies electricity and gas to customers in 7 European countries, <strong>has closed its best first quarter in history, consolidating the results of the last two years.<\/strong><\/p><p><br \/>The improvement in gross margin (+4%), EBITDA (+6%), and proforma net result <br \/>(+42%) has been achieved thanks to an increase in the volume of energy supplied <br \/>by +8%, from 4.6 TWh to 4.9 TWh, driven by a +16% growth in its customer base, <br \/>reaching 455 thousand supply points.<\/p><p><br \/>Since its merger in 2018, Audax Renovables has reached its highest level of financial <br \/>stability, achieving a record net equity of over EUR 234 million. This strengthening of <br \/>its own resources allows it to comfortably meet its financial commitments. As a result <br \/>of this evolution, EthiFinance has upgraded the company&#8217;s credit rating to BBB-, with <br \/>a positive outlook.<\/p><p><br \/><strong>Greater international presence, higher volume of energy supplied, and more <\/strong><strong>supply points are the keys to another historic quarter for the Group<\/strong><\/p><p><br \/>The growth in energy supplied and the increase in the customer portfolio have been <br \/>homogeneous in all the geographical areas where the Group operates, consolidating <br \/>its international positioning and emphasizing the solidity of its commercial policies.<br \/>Strict compliance with its commercial, coverage, and risk policies has been key to <br \/>the stable long-term improvement of the Group&#8217;s economic results.<\/p><p><br \/><strong>Audax drives 100% renewable energy in Europe<\/strong><\/p><p><br \/>Audax Renovables continues to set the pace in the renewable energy sector with a <br \/>significant portfolio of projects in Spain, France, Poland, Italy, Portugal, and Panama. The company continues to operate its 100% renewable generation portfolio, <br \/>consisting of wind and photovoltaic assets, while managing the development of its <br \/>photovoltaic portfolio in strategic markets such as Spain, Italy, and Portugal.<\/p><p><br \/>This expansion strategy in generation, in countries where they already have <br \/>commercial activity, reinforces their vertical integration model, allowing Audax to <br \/>maximize the efficiency and sustainability of its operations.<\/p><p><br \/>Audax&#8217;s generation project portfolio is robust: it has 604 MW in an advanced stage <br \/>of developing, 84 MW currently under construction expected to be operational during 2025, and 267 MW already in operation. These advances underline Audax&#8217;s <br \/>commitment to a cleaner and more sustainable energy future, consolidating its <br \/>position as a leader in the renewable energy sector.<\/p><p><br \/><strong>Financial solvency consolidated<\/strong><\/p><p><br \/>As a result of liquidity management policies and the Group&#8217;s cash generation <br \/>capacity, gross recourse financial debt continues to decrease gradually (-4% <br \/>compared to March 2024). Meanwhile, non-recourse financial debt increases, entirely associated with the development of new generation projects.<\/p><p><br \/><strong>Sustainability plan compliance<\/strong><\/p><p><br \/>The Group maintains its firm commitment to sustainability, integrating ESG aspects <br \/>into the corporate strategy as a fundamental basis for business growth and value <br \/>generation. In this way, Audax contributes to social well-being and environmental <br \/>protection.<\/p><p><br \/>As a demonstration of this commitment, Audax continues to implement its 2023-<br \/>2025 Strategic Sustainability Plan, which defines the roadmap to achieve the <br \/>company&#8217;s ESG objectives and comply with transparency and information obligations <br \/>with its main stakeholders.<\/p><p><br \/>As a result of this effort, Audax Renovables has been rated as a medium ESG risk <br \/>company according to Morningstar Sustainalytics&#8217; ESG Risk Rating. The ESG rating <br \/>recognizes that the risk of the Group suffering negative financial impacts due to ESG <br \/>factors is medium, without identifying critical risks or significant controversies. The <br \/>results place Audax in the 12th position among the 87 independent energy producers <br \/>and marketers evaluated by the rating.<\/p><p><strong>\u00a0<\/strong><\/p><p><strong>About Audax Renovables<\/strong><\/p><p>Founded in 2000, Audax Renovables is a vertically integrated energy group that <br \/>generates 100% renewable energy and supplies electricity and gas, with a presence <br \/>in 9 countries.<br \/>Currently, it has a portfolio of wind and photovoltaic projects in Spain, Portugal, Italy, <br \/>France, Poland, and Panama in operation, under construction, and in various stages <br \/>of development, reaching 1.0 GW. In its marketing activity, the group led by Jos\u00e9 <br \/>El\u00edas Navarro provides electricity and gas to over 455 thousand customers in Spain, <br \/>Portugal, Italy, Germany, Poland, the Netherlands, and Hungary, and leads the SME <br \/>segment in Iberia.<br \/>Audax began trading on the Spanish secondary market in 2003, and in 2007 it made <br \/>the leap to the continuous market, becoming part of the IBEX SMALL CAP\u00ae index in <br \/>March 2020. Currently, its market capitalization exceeds EUR 700 million, and it has <br \/>a team of approximately 800 professionals.<br \/><br \/><\/p><p>For more information, visit <a href=\"http:\/\/www.audaxrenovables.com\">www.audaxrenovables.com<\/a><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7a244bf1 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"7a244bf1\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.7.8 - 02-10-2022 *\/\n.elementor-widget-divider{--divider-border-style:none;--divider-border-width:1px;--divider-color:#2c2c2c;--divider-icon-size:20px;--divider-element-spacing:10px;--divider-pattern-height:24px;--divider-pattern-size:20px;--divider-pattern-url:none;--divider-pattern-repeat:repeat-x}.elementor-widget-divider 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(+6%), consolidating the positive impact of the strategic decisions implemented in previous years. \u25cf \u00a0The increase in energy supplied to 4.9 TWh (+8%) is key to the new boost in the company&#8217;s EBITDA. \u25cf Audax [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":14811,"comment_status":"open","ping_status":"open","sticky":false,"template":"elementor_canvas","format":"standard","meta":[],"categories":[253],"tags":[69,256,255,254],"_links":{"self":[{"href":"https:\/\/www.audaxrenovables.com\/en\/wp-json\/wp\/v2\/posts\/14799"}],"collection":[{"href":"https:\/\/www.audaxrenovables.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.audaxrenovables.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.audaxrenovables.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.audaxrenovables.com\/en\/wp-json\/wp\/v2\/comments?post=14799"}],"version-history":[{"count":15,"href":"https:\/\/www.audaxrenovables.com\/en\/wp-json\/wp\/v2\/posts\/14799\/revisions"}],"predecessor-version":[{"id":14817,"href":"https:\/\/www.audaxrenovables.com\/en\/wp-json\/wp\/v2\/posts\/14799\/revisions\/14817"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.audaxrenovables.com\/en\/wp-json\/wp\/v2\/media\/14811"}],"wp:attachment":[{"href":"https:\/\/www.audaxrenovables.com\/en\/wp-json\/wp\/v2\/media?parent=14799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.audaxrenovables.com\/en\/wp-json\/wp\/v2\/categories?post=14799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.audaxrenovables.com\/en\/wp-json\/wp\/v2\/tags?post=14799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}