WHOLESALE AND RETAIL BUSINESS

Fiscal Year 2017

The Generation and Retail business records an EBITDA of €1,600.6 million.

At the close of the Fiscal Year 2017:

  • The EBITDA in Spain fell to €902 million, primarily due to decreased hydroelectric production following a record year, and higher taxes, which arose in 2016 from favourable court rulings (2014-2016 Catalan Eco-Tax and 2012-2013 Regional Surcharge) and the incorporation of the social bonus in this business beginning in December 2016.
  • In the United Kingdom, the EBITDA reached £121.9 million.
  • In Mexico, the EBITDA grew 22.8% to stand at $592.9 million thanks to the additional operating capacity: 314 MW from the combined cycle plant in Baja California for the Mexican Federal Electricity Commission, 300 MW for private clients of the Monterrey V combined cycle plant and 53 MW from the Ramos cogeneration plant.
  • In Brazil, the consolidation of Neoenergia elevated the country's EBITDA to BRL 216.1 million.

Further information on economic-financial and operating data of the Iberdrola Group can be found in the section In Figures, Fiscal Year 2017 Results Report [PDF] and Fiscal Year 2017 Results Presentation [PDF].