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Iberdrola won 1.845 million euros at the end of June, a 12.2% more

Javier Gonzalez NavarroSEGUIRMadrid Updated: Save Send news by mail electrónicoTu name *

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Iberdrola has accelerated its investments to achieve 3.582 million euros in the first half, 2.3% more than in the same period of 2019, and despite the situation of confinement by the Covid-19. Driven by this investment effort, and despite picking up a negative impact of € 153 million for the pandemic , the net profit stood at 1.845 million euros at the end of June, a 12.2% more, according to has informed today the company presides over Ignacio Galán.

The gross operating profit (Ebitda) amounted to 4.918,2 million euros, 1.4% lower than that registered in the first six months of the previous year, with growth in the business of renewables (5.3%), and generation y customers (14,3%) and the smaller contribution in the area of networking (10.6 per cent). The gross operating profit-adjusted (adjusted Ebitda), resulting from eliminate the impacts of the pandemic on this concept (157 million euros), has grown 4.2%, up to 5.075 million euros.

Ignacio Galán has reviewed these six months and has stated that “we steadfast in our commitment to invest 10,000 million euros in 2020, demonstrating that the pathway for a rapid recovery and sustained is the green economy”.

In terms of suppliers, Iberdrola has advance orders for 7,000 million euros in the first half, which gives visibility to a supply chain that generates 400,000 jobs in all over the world.

shareholders , for their part, have benefited from a remuneration with a charge to 2019 of 0.40 euros per share, after the commissioning of the new edition of the program ‘Iberdrola Flexible Remuneration’, which will receive 0,232 euros gross per share in respect of the final dividend, which will be paid in the next 4 August. This mode is complete 0,168 eur gross per share paid in the last month of February in respect of the interim dividend. All of this, avoiding the effect dilutivo through the implementation of the programme of repurchase of own shares, to maintain the social capital in 6.240 million titles.

War of paho in Australia

on the other hand, Iberdrola Renewables Australia has announced today its decision to improve the consideration of the public offer of acquisition (opa) on all of the linked values of Infigen Energy 0,552 0,a572 euros. This increase is conditioned to Iberdrola Renewables Australia received prior to the 5:00pm hour from Sydney on 30 July 2020 acceptances to the offer in respect of at least 13% additional to the total number of acceptances received to July 21, 2020, which amounts to 4,28% of the bound values of Infigen. If this condition is fulfilled, the consideration maximum aggregate of the offer would amount 552,8 million euros.

Iberdrola responds to the movements of the philippine group UAC Energy, a third shareholder of the company with 13% of the capital.

Results of Neoenergia

The brazilian company Neoenergia, a subsidiary of the Iberdrola group, obtained in the first half of the year with a net profit of 176 million euros, 1% less compared with the same period of the previous year.

According to the financial results reported today by Neoenergia, the gross result of exploitation (Ebitda) in the first six months of the year was about 463 million euros, with a reduction of 3% compared to the first six months of 2019, which was impacted by the effects of the Covid-19 in the economic activity of the country.

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