Iberdrola increases profit by 10.7% and achieves record profit of 4,803 million

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Gross investments in the energy company also reached a record amount of 11,382 million euros, a growth of 6.0% compared to 2022.

Iberdrola achieved a net profit of 4,803 million euros in the year 2023, which amounts to a 10.7% increase compared to the previous year, thus pulverizing the record profit of 4,339 million euros from a year ago, the company has informed the National Securities Market Commission (CNMV).

The investments Gross energy revenues also reached a record figure of 11,382 million euros, growing by 6.0% compared to 2022, with RAB’s network business growing by 8% to 42,210 million euros and reaching more than 3,250 in 2023 renewable megawatt (MW) had been installed. , giving a total installed capacity of 42,187 MW in the world.

Iberdrola’s gross operating profit (Ebitda) grew by 9.0% to EUR 14,417 million in 2023, thanks to the recovery of production and operational efficiency, including EUR 117 million of expenditure in the fourth quarter for recurring efficiency improvements in the coming years.

Furthermore, the group chaired by Ignacio Sánchez Galán completed its asset rotation plan with the recent completion of the transaction in Mexico and the expected inflow of approximately $6 billion in the following days, in addition to the international alliances with Norges Bank, Masdar and GIC.

Source: EITB

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