Iberdrola increases its net profit by 4.2 % at the close of the Fiscal year 2020 to 3,611 million euros
The group's gross operating profit (EBITDA) also increased in line with its net profit, by 8 % to 10,715 million euros, excluding the impact of the exchange rate (-487 million euros) and assuming an impact of 218 million due to COVID-19. These results were driven by record investments of 9,246 million euros, of which 52 % was allocated to Renewables and 39 % to Networks. Purchases from suppliers also increased to 14 billion euros, helping to keep 400,000 jobs in the value chain. Additionally, Iberdrola is continuing to develop its construction and development projects worldwide (+17,400 MW) and its comprehensive plan to combat COVID-19.
QUARTERLY RESULTS AND STRATEGIC OUTLOOK
- Iberdrola increases its net profit by 4.2 % at the close of the Fiscal year 2020 to 3,611 million euros
- Iberdrola increases its net profit by 4.7 % at the close of the Nine months to 2,681 million euros
- Iberdrola increases its net profit by 12.2% during the First Half of the year to 1,845 million euros
- Iberdrola posts ordinary net profit of €968 million up to March, an increase of 5.3%, thanks to record investments of nearly €10 billion since the beginning of 2019