EBITDA increased by 8% to €10.1bn, or 10% higher than the consensus and in line with AV’s estimate. Growth was mainly supported by the new regulated tariff for network activities in Brazil and the good production after the commissioning of new capacity and good wind conditions. Moreover, after particularly adverse conditions for hydro production over the first 9m, it bounced higher than the long-term average in Q4. In all, remarkable FY19 operating figures.
26 Feb 2020
Strong FY19
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Strong FY19
Iberdrola SA (IBE:WBO) | 0 0 1.0% | Mkt Cap: 39,326m
- Published:
26 Feb 2020 -
Author:
Auguste DERYCKX LIENART -
Pages:
2
EBITDA increased by 8% to €10.1bn, or 10% higher than the consensus and in line with AV’s estimate. Growth was mainly supported by the new regulated tariff for network activities in Brazil and the good production after the commissioning of new capacity and good wind conditions. Moreover, after particularly adverse conditions for hydro production over the first 9m, it bounced higher than the long-term average in Q4. In all, remarkable FY19 operating figures.