Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Iberdrola : Still the sector's benchmark

>Neutral maintained but target price adjusted to € 7.45 vs € 7.15 - The 2018 figures came in a little higher than our forecasts and those of the consensus. The 2019 guidance is in line with the strategic plan unveiled on 21 February 2018 which is to be updated on 26 February this year. For the current year, Iberdrola is expecting growth of around 5% (mid-single digit) in its EBITDA and attributable net profit. This publication once again underlines, Iberdrola’s s...
Underlying
Iberdrola SA

Iberdrola is a holding company. Through its subsidiaries, Co. operates in four segments: network business, which includes all the energy transmission and distribution activities, and other regulated activity originated in Spain, the U.K., the U.S. and Brazil; deregulated business, which includes electricity generation and sales businesses as well as gas trading and storage businesses carried on by Co. in Spain, Portugal, the U.K. and North America; renewable business, with activities related to renewable energies in Spain, the U.K., the U.S. and the rest of the world; and other businesses, including the engineering and construction businesses and the non-power businesses.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Louis Boujard, CFA

Philippe Ourpatian

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