IBERDROLA: 1H’23 RESULTS (ANÁLISIS BANCO SABADELL)
2Q'23 vs. 2Q'22 ResultsEBITDA: € 3.497 Bn (+0.1% vs. -1.0% BS(e) and -4.8% consensus);
Net Profit: € 1.03 Bn (+1.3% vs. -1.9% BS(e) and -8.3% consensus);
1H'23 vs. 1H'22 Results
EBITDA: € 7.561 Bn (+17.3% vs. +16.7% BS(e) and +14.7% consensus);
Net Profit: € 2.521 Bn (+21.5% vs. +20.2% BS(e) and +16.5% consensus);
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.
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