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Renewable Energy Business

Renewables EBITDA up to 3.1% to €441.6 million

RENEWABLES BUSINESS EBITDA BREAKDOWN BY GEOGRAPHIC AREAS (%)

2016 FIRST QUARTER RENEWABLES BUSINESS EBITDA BREAKDOWN (%): U.S. 4%; Spain 39%; UK 25%; RoW 7%; Latin America 6%.

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

  • In Spain, EBITDA was  €174.3 million (+16.8%) driven by higher output (+9.4%).
  • Renewables in the UK recorded EBITDA of £83.8 million (-24.7%),as a consequence of lower output (-26.8%), lower prices and removal of LECs from Q3 2015.
  • In the US, EBITDA came to $115.3 million (+30.1%),with better performance due to the increase in output (+13.9%) and positive one-off.
  • In Latin America, EBITDA came to €24.5 million (0%): 
    • Mexico improving 12% due to additional capacity.
    • Brazil falling 24% due to BRL devaluation.
  • In the rest of the world, EBITDA came to €29.3 million (4,1%).

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.

  • © 2016 Iberdrola, S.A. All rights reserved.