NINE MONTHS 2017 RESULTS PRESENTATION
Iberdrola posts a net profit of €2,417M at the close of first Nine months 2017
Iberdrola has secured a net profit of €2,417 million, which is 18.4% 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 €5,440 million, driven by the contribution of the networks business mainly in the United States and Brazil. Investments have grown by 31.5%, reaching nearly €4,000 million. 91% of this amount is tagged for grid, renewable energies and generation projects with long-term contracts, in accordance with the group's strategy of concentrating its activity and future returns on stable and regulated business areas. Funds From Operations (FFO) stood at €4,625.6 million, which is a 1.9% decrease compared with the first Nine months in 2016.
Given the confidence in the structural strength of our group, the Company's Board of Directors has approved the execution of a new edition of the Iberdrola Flexible Dividend programme, which involves an 3.7% increase for the dividend against 2017, which will materialise in January 2018, and for which the company assumes a purchase commitment of at least €0.14 gross per free allocation right.
Infographic for Nine months 2017 Results.
Figures taken from the Nine months 2017 Results Report [PDF] and the Nine months 2017 Results Presentation [PDF] published on 7 November 2017 by the company. For more information please see the Press Release, videos and audio published as part of the Nine months 2017 Results Presentation on 7 November 2017.
To find out the results of previous years access Results.