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| Name | Symbol | Market | Type |
|---|---|---|---|
| Iberdrola SA (PK) | USOTC:IBDRY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.12 | 0.23% | 52.73 | 52.66 | 53.00 | 52.89 | 52.636 | 52.70 | 30,756 | 21:09:09 |
From May 2022 to May 2024
By Giulia Petroni
Iberdrola SA said Wednesday that earnings and revenue rose in the first half of 2022, and backed its profit guidance for the full year.
The Spanish utility said net profit came in at 2.08 billion euros ($2.11 billion) in the period, up from EUR1.53 billion a year earlier.
In Spain, profit fell by 26%, hit by high energy prices that haven't been passed on to customers with fixed rate contracts. Strong growth was instead registered in the U.S., Brazil and the U.K., the company said.
Earnings before interest, taxes, depreciation and amortization increased to EUR6.44 billion from EUR5.44 billion in the prior year, showing positive trends across regions except for Spain.
Revenue in the first half rose to EUR24.43 billion from EUR18.75 billion, Iberdrola said.
The company confirmed that it expects net profit of between EUR4 billion and EUR4.2 billion for the full year.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
July 27, 2022 03:21 ET (07:21 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
1 Year Iberdrola (PK) Chart |
1 Month Iberdrola (PK) Chart |
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