The group has published its FY16 results with weak revenue decreasing by 7% yoy to €29.22bn. However, cost optimisation and a reduction in operating expenses and a combined +€114m FX effect have boosted the EBITDA of the group to €7.8bn, a 7% yoy increase. The network business’s performance with the consolidation of UIL more than compensated for the decrease in the generation & retail, and renewable businesses. Operating profit increased by 19% yoy due to lower amorti
22 Feb 2017
Positive growth trend is confirmed and should continue
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Positive growth trend is confirmed and should continue
Iberdrola SA (IBE:WBO) | 0 0 1.0% | Mkt Cap: 39,326m
- Published:
22 Feb 2017 -
Author:
Juan Camilo Rodriguez -
Pages:
3
The group has published its FY16 results with weak revenue decreasing by 7% yoy to €29.22bn. However, cost optimisation and a reduction in operating expenses and a combined +€114m FX effect have boosted the EBITDA of the group to €7.8bn, a 7% yoy increase. The network business’s performance with the consolidation of UIL more than compensated for the decrease in the generation & retail, and renewable businesses. Operating profit increased by 19% yoy due to lower amorti