IBERDROLA: 1Q’25 RESULTS AND CHANGE OF T.P. TO UNDER REVISION (ANÁLISIS BANCO SABADELL)
1Q'25 vs. 1Q'24 ResultsEBITDA: € 4.643 Bn (+12.1% vs. +10.4% BS(e) and +6.2% consensus);
Net Profit: € 2.004 Bn (+25.7% vs. +18.5% BS(e) and -1.1% 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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