FISCAL YEAR 2017 RESULTS PRESENTATION
Iberdrola posts a net profit of €2,804M at the close of the Fiscal Year 2017
Iberdrola has secured a net profit of €2,804 million, which is 3.7% higher than the same period in the previous year, thanks to the company's resilience and international diversification, compensating the impact of the low output in Spain. EBITDA amounted to €7,318.7 million. The good results are a consequence of the steady growth in the EBITDA of the Networks (+5.9%), Renewables (+6.3%) and Contracted Generation businesses (+25.5%), as well as of the integration of Elektro into Neoenergia Brazil, in accordance with Iberdrola's strategy of concentrating its activity on regulated assets, with stable and predictable returns. Investments have grown by 38.1%, reaching nearly €5,891 million. Of this amount, 90% was allocated to regulated businesses or long-term contracts and 72% was allocated to growth projects. Funds From Operations (FFO) stood at €6,479.4 million, which is a 1.1% increase compared with the Fiscal Year 2016.
The good results have allowed the company's Board of Directors to propose a complementary remuneration for 2017 of up to €0.180 gross per share, which is pending to be approved in the next General Shareholders' Meeting. This amount is added to the €0.140 gross per share paid in January as the interim dividend payment against 2017, so the shareholder remuneration for the past year will reach €0.32 gross per share, i.e., 3.2% higher than in 2016.
Highlights of the period infograph, Results Presentation Fiscal Year 2017.
Figures taken from the Fiscal Year 2017 Results Report [PDF] and the Fiscal Year 2017 Results Presentation [PDF] published on 21 February 2018 by the company. For more information please see the Press Release, videos and audio published as part of the Fiscal Year 2017 Results Presentation on 21 February 2018.
To find out the results of previous years access Results.