Positive Q3 16 results for Iberdrola. Despite the 12.2% yoy decrease in revenues in the third quarter to €6,639m, the group has achieved a 10.8% yoy increase on EBITDA to €1,837m; moreover, operating profit increased by 16.7% yoy to €1,003m, both ahead of forecasts by 1.3% and 1.9% respectively. In addition to this, the group’s net income increased by 41.4% yoy to €584.9m, which is 4.1% ahead of consensus. In the first 9 months, the group had a 9.1% decrease in reven
26 Oct 2016
Heavy investment strategy towards growth pays off
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Heavy investment strategy towards growth pays off
Iberdrola SA (IBE:WBO) | 0 0 1.0% | Mkt Cap: 39,326m
- Published:
26 Oct 2016 -
Author:
Juan Camilo Rodriguez -
Pages:
3
Positive Q3 16 results for Iberdrola. Despite the 12.2% yoy decrease in revenues in the third quarter to €6,639m, the group has achieved a 10.8% yoy increase on EBITDA to €1,837m; moreover, operating profit increased by 16.7% yoy to €1,003m, both ahead of forecasts by 1.3% and 1.9% respectively. In addition to this, the group’s net income increased by 41.4% yoy to €584.9m, which is 4.1% ahead of consensus. In the first 9 months, the group had a 9.1% decrease in reven