WHOLESALE AND RETAIL BUSINESS
First Half 2016
Generation and retail recorded an EBITDA of €1.226 billion, as opposed to the 18.1% drop registered during the first quarter, correcting the negative effect of atypical impacts at the beginning of the year.
At the end of the first half of 2016:
- In Spain, the drop was 2.5% to €756.3 million. A 22% increase in output did not manage to offset the lower results from the gas business.
- In the United Kingdom, EBITDA for this business stood at £205.9 million (+1%), with improved gas output, lower costs and a drop in demand, accompanied by rising non-energy costs.
- In Mexico, EBITDA amounted to US$235 million (-7.9%), due to lower rates, although this is expected to improve over the course of the year.
- In the US and Canada Ebitda stood at to US$18.5 million by the improved performance of the gas business .
Further information on economic-financial and operating data of the Iberdrola Group can be found in the section In Figures, First Half 2016 Report Results [PDF] and Results Presentation First Half 2016 [PDF].