MADRID, 27 Jul. (EUROPA PRESS) –
Iberdrola obtained a net profit of 2,075 million euros in the first half of the year, which represents an increase of 36% compared to the same period of the previous year, driven by its international business, the company reported.
The energy company chaired by Ignacio Sánchez Galán highlighted that this increase in profits was recorded despite a 26% drop in the contribution from Spain, mainly affected by high energy prices, which have not been passed on to customers with previously agreed fixed prices, which has been offset by strong growth in the United States, Brazil and the United Kingdom.
Iberdrola’s gross operating profit (Ebitda) grew by 18% in the first half, to 6,444 million euros, with a positive evolution in all geographies except Spain.
For its part, the group’s gross investments in the semester stood at 4,741 million euros, with an increase of 5.3%, and reached 10,200 million euros in the last 12 months, having installed 3,400 megawatts (MW) of renewable capacity in that period, and with a further 7,100 MMW under construction.
Likewise, Iberdrola highlighted that it has a solid financial profile, with a good liquidity position amounting to 24,963 million euros, which covers 27 months of financing needs.
The adjusted net financial debt of the group stood at 41,717 million euros at the end of the first half, with an increase of 14%, compared to June 2021 due to the strong investment effort of the period and the significant appreciation of currencies.
