Iberdrola, a titan in the global energy arena, has achieved remarkable financial success in the first nine months of 2024, achieving profits of 5.471 billion euros. This financial boost was significantly attributed to a lucrative asset sale in Mexico, which alone contributed 1.165 billion euros. However, even without this exceptional gain, Iberdrola’s recurring net profit climbed to 4.305 billion euros, an impressive growth rate of 18.4%.
The company has shown significant performance in its operating gross profit, with Ebitda rising by 23% to 13.269 billion euros. This growth is driven by robust investments in electric grids and renewable energy initiatives. The surge in renewable production has fortified Iberdrola’s status as a vital contributor to the global shift toward sustainable energy.
The United States and the United Kingdom have been instrumental in driving Iberdrola’s international growth, showing substantial Ebitda improvements. Buoyed by these results, the company has raised its 2024 profit forecast to 5.500 billion euros, up 14% from the previous year.
In a strategic shift, Iberdrola is also stepping into the data center industry, securing 615 megawatts of capacity, with Madrid as a primary hub. This move is part of a broader global ambition that could lead to investments reaching 10 billion euros in data centers, highlighting its diversified expansion strategy.
As Iberdrola continues its 2024 journey, its pursuit of innovation and expansion signals not only financial triumph but a substantial commitment to exploring new energy frontiers.
Source: Exploring New Terrains: Iberdrola’s Adventurous Pursuits in 2024