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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.07 | 0.14% | 49.96 | 49.50 | 50.01 | 50.11 | 49.575 | 50.11 | 28,555 | 21:00:29 |
From May 2019 to May 2024
By Joshua Kirby
Iberdrola SA on Thursday outlined its targets for the coming years, including an increased profit target for 2022.
The Spanish energy company raised its profit target for 2022 to between 4.0 billion and 4.2 billion euros ($4.69 billion-$4.92 billion), from a target of EUR3.7 billion-EUR3.9 billion previously.
It hopes to achieve a profit of EUR5 billion in 2025, up EUR1.5 billion from the profit it achieved in 2019.
Iberdrola sees gross investments of EUR75 billion between 2020 and 2025, and plans to achieve efficiencies of close to EUR1.5 billion in the period, including EUR1 billion between 2023 and 2025.
The company said it plans to pay out between 65% and 75% of earnings-per-share to shareholders.
Write to Joshua Kirby at joshua.kirby@dowjones.com
(END) Dow Jones Newswires
November 05, 2020 03:40 ET (08:40 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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