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Networks Business

EBITDA Networks declines 3.7% to Eur 932.4 M

REGULATED BUSINESS EBITDA BREAKDOWN BY COUNTRIES (%)

Regulated business EBITDA breakdown (Eur M): Spain: 42% ; UK: 31% ; USA:22% ; Brazil: 5%.

At the end of the first quarter 2016, EBITDA by geographical areas have been:

  • In Spain, EBITDA came to €387.4  million (-2.9%),  due to €29 million of positive settlements accounted for in first quarter 2015, to be recovered during 2016.
  • In the UK, EBITDA came to £222.9 million (-3.6%), impacted by revenue profiling as a consequence of the implementation of RIIO-ED1 on April 2015
  • In the United States, EBITDA came to $226.6 million (+5.8%), with UIL consolidation ($+117.6 million) partially offset by
    non recurring effects:
    • -$-38 million to be reversed during the year and
    • -$-45 million of other that will be diluted in the year 

In US GAAP, EBITDA came to £430 million (90% higher than in IFRS).

  • In Brazil, EBITDA came to $221.1 million (-5.0%), impacted mainly by 7% lower demand.
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Further information on economic-financial and operating data of the IBERDROLA Group can be found in the section In Figures, First Quarter 2016 Report Results [PDF] and Results Presentation First Quarter 2016 [PDF].

To find out the results of previous years access to Quarterly information.

Footnotes:

  • Note (*) Brazil accounts for 3% of total Group EBITDA.

 

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