IBERDROLA: 1Q'24 RESULTS (ANÁLISIS BANCO SABADELL)
Recurring 1Q'24 Results vs. 1Q'23 ResultsEBITDA: € 4.14 Bn (+1.9% vs. +1.4% BS(e) and +1.4% consensus);
Net Profit: € 1.594 Bn (+7.3% vs. +4.7% BS(e) and +4.7% 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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