Effective ways to cut back on excess spending
Iberdrola posted a net profit of 2.091 million euros in the first nine months of the year, which represents a fall of 13.5% compared to the same period of the p

Iberdrola earns 13.5% less until September, but maintained its forecast of 3,000 million in 2018

Iberdrola posted a net profit of 2.091 million euros in the first nine months of the year, which represents a fall of 13.5% compared to the same period of the p

Iberdrola earns 13.5% less until September, but maintained its forecast of 3,000 million in 2018

Iberdrola posted a net profit of 2.091 million euros in the first nine months of the year, which represents a fall of 13.5% compared to the same period of the previous year, due to the absence of extraordinary items, the company reported to the Commission National of the Market of Values (CNMV).

During the last fiscal year, the energy registered 759 million euros of extraordinary items positive corresponding to the merger of Siemens Gamesa, capital gains of Neoenergia or revision of the price of gas supply agreements in Spain.

So, the net profit ordinary of the group, excluding these extraordinary items, was 2,051,3 million euros during the first nine months of the year, representing an increase of 38% compared to the same period of the previous year.

The gross result of exploitation (Ebitda) of Iberdrola at the end of September it stood at the 6.720 million euros, an increase of 22.5%, mainly due to the good performance of the international business, which contrasts with the poor performance in Spain.

Iberdrola reiterated that the results obtained up to September will allow you to confirm the forecasts for the end of the year an Ebitda higher than 9,000 million euros and a net profit of 3,000 million euros for the closure of 2018.

For its part, the Generation business and Customers in Spain, whose net position is the buying power to have more market generating their own electricity, reducing their results in an environment of higher prices in the wholesale market, and rising raw materials and CO2 emission rights.

Meanwhile, the investments of the group presided over by Ignacio Sánchez Galán amounted to 3.645 million euros in the period, of which nearly 80% was allocated to the business Networks and Renewables, according to the strategy of the company.

According to the criteria of

Learn more

Publish Date : 26 Ekim 2018 Cuma 19:35

Breaking News Headlines

Should England stick with Eddie Jones?
Should England stick with Eddie Jones?
7 Tips for Ensuring Entrepreneurial Success in Any Endeavor
7 Tips for Ensuring Entrepreneurial Success in Any Endeavor
The Benefits of iGaming Trade Shows & Conferences
The Benefits of iGaming Trade Shows & Conferences
10 Tips to Choose Online IAS Coaching
10 Tips to Choose Online IAS Coaching
5 Ways to Beat Seasonal Hay Fever
5 Ways to Beat Seasonal Hay Fever
5 benefits of eLearning for adult learners
5 benefits of eLearning for adult learners
Planning a Big Family Holiday: 5 Top Tips
Planning a Big Family Holiday: 5 Top Tips
MESSI BRINGS TEAMMATES TO TEARS WITH HIS SPEECH
MESSI BRINGS TEAMMATES TO TEARS WITH HIS SPEECH
How keeping cool before events can boost athletic performance
How keeping cool before events can boost athletic performance
Storage Problems? Think Divan!
Storage Problems? Think Divan!
10 Years on, Have We Increased Our Trust in Our Banks?
10 Years on, Have We Increased Our Trust in Our Banks?
The Rise of Esports Betting at Online Casinos
The Rise of Esports Betting at Online Casinos
POLLS Results ALL
Who is the most powerful actor in Syria

Front Pages
  • The Sun
NEWS ARCHIVES