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Economic-Financial Data

IBERDROLA NET PROFIT ROSE BY 7.4% TO €1,506 MILLION IN 2015 FIRST HALF

  • Gross operating profit (EBITDA) increased by 5.7% to €3,795 million, thanks to a 20% rise in its international business, compared to a 6.5% drop in Spain.  Funds from operations (FFO) grew 9.9% to €3,031 million 
  • Build-up of financial strength continued: gearing down from 42% to 40.7% at end of first half
  • Investment up 8.6% to €1,302 million, of which 52% are allocated to growth. A new cycle of growth for the Group is beginning, with investment projected to continue around €4,000 million per year.
  • The company paid its shareholders €0.144 per share in July which together with the €0.127 paid last December, and the €0.005 bonus for attending the General Shareholders' Meeting, bring total annual return to €0.276 per share
  • The process of securing the necessary permits for the integration of UIL Holdings with Iberdrola USA continues and the Group expects the deal to be closed before the end of 2015
Balance sheet
  H1 2015 (€ MILLIONS) v. H1 2014Note (1)
TOTAL ASSETS 96,914 3.4%
TANGIBLE FIXED ASSETS 58,413 5.1%
INTANGIBLE FIXED ASSETS 17,777 5.4%
LONG-TERM INVESTMENTS 3,855 2.0%
SHAREHOLDERS’ EQUITY 38,105 6.7%
ADJUSTED NET DEBTNote (2) 26,201 2.3%

 

Consolidated Income Statement
  H1 2015 (€ MILLIONS) v. H1 2014Note (1)
REVENUES 16,125.6 6.2%
GROSS MARGIN 6,634.0 7.5%
EBITDA 3,794.5 5,7%
EBIT 2,168.1 -1.6%
RECURRENT NET PROFIT 1,253.4 4.8%
NET PROFIT 1,505.9 7.4%
CASH FLOW 3,031.1 9.9%

 

Gross Operating Profit (Ebitda)
  H1 2015 (€ MILLIONS) CHANGE %
NETWORKS 1,806.3 17.1%
GENERATION AND SUPPLY 1,261.9 -11.7%
RENEWABLES 824.7 18.9%
OTHER BUSINESSES -11.0 10.0%

 

Footnotes:

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