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Iberdrola — news, coverage & facts — IJR

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Business
Iberdrola H1 Profit Rises 22%, Reaffirms Guidance
Iberdrola reported a 22% rise in first-half net profit to €4.34 billion and an 8% increase in adjusted earnings, with revenue of €22.47 billion as investment in grids and capacity grew in the UK, US, and Brazil. The company reaffirmed its guidance, announced the €5 billion acquisition of Caruna in Finland, and outlined a robust growth plan with a 25% rise in first-half investment to €7 billion, largely directed at networks.
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Iberdrola, S.A. is a Spanish multinational electric utility company based in Bilbao, Spain. It has around 40,000 employees and serves around 30 million customers.

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