IBERDROLA: 2Q’21 RESULTS (ANÁLISIS BANCO SABADELL)
2Q'21 vs. 2Q'20 ResultsEBITDA: € 2.628 Bn (+21.2% vs. +21.8% BS(e) and +22.3% consensus);
Net Profit: € 505.0 M (-14.1% vs. -28.6% BS(e) and +4.1% consensus);
1H'21 vs. 1H'20 Results
EBITDA: € 5.443 Bn (+10.7% vs. +10.9% BS(e) and +11.4% consensus);
Net Profit: € 1.531 Bn (-17.0% vs. -21.7% BS(e) and -11.3% 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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