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Iberdrola net profit €1,919.7 million

Staff writer |
Iberdrola recorded a net profit of €1,919.7 million in the first nine months of 2015, up 8.5% on the same period of last year.

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Recurrent net benefit, before non-recurring expenses, improved by 8.5% and stands at €1,672.8 million.

EBITDA reached €5,430.7 million by September 2015 (+5.8%). Of that amount, 75% comes from the regulated businesses: Networks, Renewables and Generation Mexico. The good performance in these areas achieved overall EBITDA increases of 15.5%.

Operating cash flow (FFO) increased by 9.1% to €4,308.9 million, exceeding net investments in all businesses, which stood at €2.095.7 million, up 6.7% compared to the first nine months of 2014. Of that amount, 61% went to projects geared towards company growth.

87% of investments were allocated to the regulated businesses: €1,087.1 million to Networks, €514.1 million to Renewables and €211.7 million to Generation Mexico.

Revenues over the period were €23,689.6 million, up by 6.7%, while gross margin grew by 7.3% to € 9,523.9 million. Also, Iberdrola continued to improve its efficiency with net operating expenses dropping by 0.2%, excluding the negative effect of the exchange rate.

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