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Wholesale and Retail Business

Since January 1st the Wholesale and Retail Business [PDF] includes: Spain, Portugal, United Kingdom, Mexico and Continental Europe have been integrated.

This integration focuses on launching a new form of management to maximize the benefits of Group working on key points:

  • Optimisation of the organizations
  • Delivery of additional synergies
  • Increased operational efficiency
  • Identify activities with growth potential

Generation & Supply EBITDA falls 7.4% to €1,735.2 million driven by lower results and higher costs in Spain (-10,5%) and regulatory obligations and CO2 prices in the United Kingdom.

During the first nine months, EBITDA by geographical areas have been:

  • Spain: In Spain Ebitda came to €1,739.8 million, due to a -10.5% drop in production and higher costs in the generation mix. Weaker performance in Gas business vs 2014 due to non recurring. Levies up €64 million, basically due to € 111 million of CO2 allowances accounted for in Q2 2014.
  • United Kindom: In the UK, Ebitda came to €182.2 million due to higher costs (Carbon Tax). Retail business results decrease as a consequence of rise in non energy costs (ROCs and T&D) and extraordinary costs related to the difficulties in the deployment of new IT system (FIS). Customer numbers maintained.
  • Mexico: In Mexico it rose to $379.7 million basically as a consequence of the improvement driven by the renegotiation of contracts with negative impact in 9M 2014.

Further information on economic-financial and operating data of the IBERDROLA Group can be found in the section In Figures, Nine Months 2015 Report Results [PDF] and Nine Months 2015 Results Presentation [PDF].


DEREGULATED BUSINESS EBITDA BREAKDOWN (% and Eur M): Spain: 61% ; Mexico: 18% ; UK: 22%

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

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