Iberdrola 1Q Profit Fell, Earnings Rose
May 12 2021 - 3:31AM
Dow Jones News
By Giulia Petroni
Iberdrola SA said Wednesday that profit fell in the first
quarter while earnings rose and it confirmed full-year guidance and
the dividend.
The Spanish utility company said quarterly net profit came in at
1.03 billion euros ($1.25 billion) compared with EUR1.27 billion a
year earlier, when it sold a 8.07% stake in Siemens Gamesa
Renewable Energy SA.
Earnings before interest, taxes, depreciation and amortization
rose on year to EUR2.81 billion from EUR2.77 billion.
Revenue increased to EUR10.09 billion in the quarter from
EUR9.43 billion.
Iberdrola reaffirmed its net profit guidance for between EUR3.7
billion and EUR3.8 billion for the full year, excluding potential
nonrecurrent and noncash tax items, and a dividend proposal of
EUR0.42 a share for 2020.
The company added that it expects shareholder remuneration to
increase to EUR0.44 a share in 2021.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
May 12, 2021 03:16 ET (07:16 GMT)
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