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.