Iberdrola reported EBITDA up by 17.3% to 7.5bn (Cons BB 7.5bn) supported by a 6.5% increase in renewables capacity over the last 12 months. The group increased the guidance on net profit growth from a ‘mid to high single digit’ to by a ‘high single digit’ as hydro condition have almost fully recovered while continuing to deploy additional renewables capacity.
