Iberdrola reported earnings slightly below expectation as EBITDA decreased by 6% yoy to €2,008m and fell 2% short of expectations. Revenues decreased 7% yoy to €8,185m with operating profit decreasing by 7% yoy to 1,249m (4% below forecasts). Reported net income improved by 3.3% yoy to €868.7m but, on an adjusted basis, it reached €836.8m, which is a 5.1% yoy increase, although 1% short of expectations. Net debt increased by €1,969m yoy to €28,274m mainly due to
27 Apr 2016
Results impacted by lower prices and one-offs
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Results impacted by lower prices and one-offs
Iberdrola SA (IBE:WBO) | 0 0 1.0% | Mkt Cap: 39,326m
- Published:
27 Apr 2016 -
Author:
Juan Camilo Rodriguez -
Pages:
3
Iberdrola reported earnings slightly below expectation as EBITDA decreased by 6% yoy to €2,008m and fell 2% short of expectations. Revenues decreased 7% yoy to €8,185m with operating profit decreasing by 7% yoy to 1,249m (4% below forecasts). Reported net income improved by 3.3% yoy to €868.7m but, on an adjusted basis, it reached €836.8m, which is a 5.1% yoy increase, although 1% short of expectations. Net debt increased by €1,969m yoy to €28,274m mainly due to