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Economic-Financial Data

RECURRING NET PROFIT ROSE 7.2%, WITH NET EARNINGS SIMILAR TO LAST YEAR AT €841 MILLION IN THE FIRST QUARTER 2015 AND MAINTAINS SHAREHOLDER REMUNERATION LEVELS

  • EBITDA of €2,136.3 million, a rise of 8.8%, while net earnings were stable at €840.8 million (-0.7%). Recurring net profit rose 7.2% to €795.9 million.
  • The Company continues to improve its operating efficiency by 1.9%.
  • Funds from operations (FFO) were 6.6% higher at €1,658.5 million, exceeding investments which came to €593 million across all businesses.
  • Net adjusted debt stood at €26,305 million compared to €25,718 million at the same time last year, due to a negative currency impact.
  • The results enable the Company to maintain annual remuneration for shareholders at least €0.27 gross per share.
Balance sheet
  Q1 2015 (€ MILLIONS) v. Q1 2014Note (1)
TOTAL ASSETS 98,885 5.51%
TANGIBLE FIXED ASSETS 57,800 3.87%
INTANGIBLE FIXED ASSETS 17,908 -0.14%
LONG-TERM INVESTMENTS 4,317 14.22%
SHAREHOLDERS’ EQUITY 37,506 4.94%
ADJUSTED NET DEBTNote (2) 26,305 2.61%

 

Consolidated Income Statement
  Q1 2015 (€ MILLIONS) v. Q1 2014Note (1)
REVENUES 8,780.7 5.5%
GROSS MARGIN 3,613.7 6.8%
EBITDA 2,136.3 8.8%
EBIT 1,343.8 5.3%
RECURRENT NET PROFIT 795,9 7.2%
NET PROFIT 840.8 -0.7%
CASH FLOW 1,658.5 6.6%

 

Gross Operating Profit (Ebitda)
  Q1 2015 (€ MILLIONS) CHANGE %
NETWORKS 966.8 24.1%
GENERATION AND SUPPLY 781.4 -11.4%
RENEWABLES 428.3 24.7%
OTHER BUSINESSES -5.0 -46.7%

 

Footnotes:

  • Note (1) Restated.
  • Note (2) Includes regulatory receivables and TEI.
  • © 2015 Iberdrola, S.A. All rights reserved.