FIRST QUARTER 2018 RESULTS PRESENTATION
Iberdrola posts a net profit of €838M at the close of the First Quarter 2018
Iberdrola has obtained a net profit of 838 million euros (+1.2%), thanks to a 28.5% increase in operating net profit. The gross operating profit (Ebitda) increased by 24% to 2,323 million euros, despite the negative impact of the exchange rate. These good results are the result of the positive evolution of Ebitda in all businesses areas: Grids (+17.5%), renewable energy (+13.9%) and contracted generation (+51.6%). Investments have grown by 14.1% to 1,185 million euros, with 77% allocated to the Grids and Renewables business areas. Operating cash flow (FFO) stood at 1,877.1 million euros, up 12.9%. And operational efficiency improved by 80 basis points, up to 25%.
Infographic 2018 Q1 Results.
As agreed at the General Shareholders' Meeting, the Board of Directors has approved the execution in July of a new edition of the scrip dividend program, 'Iberdrola Retribución Flexible', of at least €0.153 per share, plus €0.03 in cash or in shares, the total remuneration being 0.183 euros per share. With this, the annual remuneration stands at 0.323 euros per share, up 4.2%.
As a new feature in this edition of 'Iberdrola Retribución Flexible', shareholders will have the option to receive their remuneration in cash or through the transfer of their free allocation rights in the market, as an alternative to the delivery of shares released by the Company. Therefore, the possibility of transmitting all or part of their free allocation rights to Iberdrola at a guaranteed fixed price disappears.
Figures taken from the First Quarter 2018 Results Report [PDF] and the First Quarter 2018 Results Presentation [PDF] published on 24 April 2018 by the company. For more information please see the Press Release, videos and audio published as part of the First Quarter 2018 Results Presentation on 24 April 2018.
To find out the results of previous years access Results.
- Iberdrola improves its net profit to €838 million in the first quarter
- Iberdrola will invest €32 billion between 2018 and 2022, building the foundations for sustainable growth in the next decade
- Iberdrola's Net profit reaches €2,417M (+18.4%)
- Iberdrola obtains a net profit of €1,518M (+4.2%) in the First Half of the year