Positive results for the group as revenues increased by 4.6% to €31.46bn, beating expectations by the same amount, while EBITDA reached €7.3bn with a 5% yoy increase and in line with forecasts. Operating profit, on the other hand, declined by 3% yoy due to higher depreciation expenses (+9%), an increase in provisions (+69%) and a €230m impairment. Reported net income increased 4.1% yoy and reached €2.42bn, in line with forecasts, boosted by one-offs such as the reversal of

24 Feb 2016
Results boosted by renewables and networks; growth expectations raised

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Results boosted by renewables and networks; growth expectations raised
Iberdrola SA (IBE:WBO) | 0 0 1.0% | Mkt Cap: 39,326m
- Published:
24 Feb 2016 -
Author:
Juan Camilo Rodriguez -
Pages:
4 -
Positive results for the group as revenues increased by 4.6% to €31.46bn, beating expectations by the same amount, while EBITDA reached €7.3bn with a 5% yoy increase and in line with forecasts. Operating profit, on the other hand, declined by 3% yoy due to higher depreciation expenses (+9%), an increase in provisions (+69%) and a €230m impairment. Reported net income increased 4.1% yoy and reached €2.42bn, in line with forecasts, boosted by one-offs such as the reversal of