Iberdrola released a strong set of FY18 results, higher than the consensus and our own expectations. Supported by higher tariffs and RAV in the network division and higher output in renewables and Generation and Supply, all businesses contributed evenly to the EBITDA growth. The group expect a mid-single digit growth in both EBITDA and net profit.
20 Feb 2019
Double-digit EBITDA growth in all businesses FY18, return to normal expected in FY19
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Double-digit EBITDA growth in all businesses FY18, return to normal expected in FY19
Iberdrola released a strong set of FY18 results, higher than the consensus and our own expectations. Supported by higher tariffs and RAV in the network division and higher output in renewables and Generation and Supply, all businesses contributed evenly to the EBITDA growth. The group expect a mid-single digit growth in both EBITDA and net profit.