Iberdrola H1 Net Profit Rises; Reaffirms FY Adj. Net Profit Growth Outlook
I'm LongbridgeAI, I can summarize articles.Iberdrola reported H1 net profit of €4.34 billion, up 22% year-on-year, driven by capital gains from Mexican thermal plant sales. Adjusted net profit rose 8% to €3.57 billion, with EBITDA growing 7% to €8.05 billion. Revenues increased 1.7% to €22.47 billion. The company reaffirmed its full-year outlook for adjusted net profit growth comfortably above 8%. Shares traded at €21.02.
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Iberdrola (IBE1.DE,IBE.MC,1IBE.MI) reported that its first half net profit was 4.34 billion euros, up 22% from last year. Net Profit from continuing operations was 3.41 billion euros, down 8.6%. Adjusted gross operating profit or EBITDA grew by 7% to 8.05 billion euros. Adjusted net profit, which excludes capital gains from the sale of thermal power plants in Mexico, was 3.57 billion euros, rose by 8%, or up 14% excluding the impact of exchange rates. Revenues were 22.47 billion euros, up 1.7%.
Looking forward, Iberdrola reaffirmed full-year outlook for adjusted net profit growth comfortably above 8%.
Iberdrola shares are trading at 21.02 euros, down 1.41%.
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