Laura Sánchez
Iberdrola has announced an impressive financial trajectory for 2024, with its profits climbing to a remarkable 5.471 billion euros in the first nine months alone. A key contributor to this financial boost was an extraordinary gain of 1.165 billion euros from asset sales in Mexico. Excluding this gain, Iberdrola’s recurring net profit demonstrated an 18.4% increase, reaching 4.305 billion euros.
A standout aspect of Iberdrola’s success is its impressive operating gross profit, or Ebitda, which surged by 23% to 13.269 billion euros. This growth was primarily driven by increased investments in electric grids and renewable energy projects. Such investments enabled Iberdrola to enhance its renewable energy production to unprecedented levels, solidifying its role as a leader in the global energy transition.
The company’s international presence, particularly in the United States and the United Kingdom, has been crucial to its growth, with significant Ebitda gains reported in these regions. Anticipating ongoing success, Iberdrola has increased its profit outlook for 2024 to 5.500 billion euros, representing a 14% growth from the previous year.
In an intriguing move, Iberdrola is venturing into Spain’s data center sector, securing 615 megawatts of capacity, half of which is located in Madrid. This step signals their strategic diversification beyond the energy sector. As global investments in data centers are projected to reach 10 billion euros, Iberdrola seems poised to capitalize on this expansion.
Through innovation and expansion, Iberdrola’s 2024 achievements represent a commitment to growth and a forward-thinking approach within the ever-evolving energy industry.
Source: Exploring New Terrains: Iberdrola’s Adventurous Pursuits in 2024
