Iberdrola Increases 2022 Profit Target, Sets Out Aims to 2025
November 05 2020 - 3:55AM
Dow Jones News
By Joshua Kirby
Iberdrola SA on Thursday outlined its targets for the coming
years, including an increased profit target for 2022.
The Spanish energy company raised its profit target for 2022 to
between 4.0 billion and 4.2 billion euros ($4.69 billion-$4.92
billion), from a target of EUR3.7 billion-EUR3.9 billion
previously.
It hopes to achieve a profit of EUR5 billion in 2025, up EUR1.5
billion from the profit it achieved in 2019.
Iberdrola sees gross investments of EUR75 billion between 2020
and 2025, and plans to achieve efficiencies of close to EUR1.5
billion in the period, including EUR1 billion between 2023 and
2025.
The company said it plans to pay out between 65% and 75% of
earnings-per-share to shareholders.
Write to Joshua Kirby at joshua.kirby@dowjones.com
(END) Dow Jones Newswires
November 05, 2020 03:40 ET (08:40 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Iberdrola (PK) (USOTC:IBDRY)
Historical Stock Chart
From Mar 2024 to Apr 2024
Iberdrola (PK) (USOTC:IBDRY)
Historical Stock Chart
From Apr 2023 to Apr 2024
