Iberdrola continues its positive trend with earnings growth in the 2016 half-year results, despite revenue falling 7.6% yoy to €14,898m, as EBITDA increased 1.4% yoy to €3.89bn (beating consensus by 1.2%) and operating profit reached €2.25bn (+3.9% yoy). However, the biggest improvement was seen in the net financial result as it improved by more than 30% yoy due to lower financial costs and exchange rate hedges, pushing upward the adjusted net income towards a 13.9% yoy increas
