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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

Lower extraordinaries

At the end of 2015 first quarter, the main keys have been:

  • Generation and supply area recorded Ebitda of €781.4 million, a drop of 11.4% resulting from lower hydro output in Spain and a fall in extraordinary income from gas in Spain and the US compared to the first quarter of last year.
    • In Spain Ebitda came to €432.2 million, due to a 17% drop in production and higher costs in the generation mix.
    • In the UK, Ebitda came to €173.5 million reflecting on the one hand increased costs and on the other increased gas sales.
    • In Mexico it rose 7.7% to €130.2 million driven by new contracts and renegotiation of existing agreements under more favourable terms.
    •  

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

WHOLESALE AND RETAIL BUSINESS EBITDA BREAKDOWN (% AND € MILLION)Note (*)

DEREGULATED BUSINESS EBITDA BREAKDOWN (% and Eur M): Spain: 432,2 – 55% ; Mexico: 113,7 – 15% ; UK: 232.6 – 30%; USA & Canada: 0,4 - 0.02%.

Footnotes:

  • Note (*) EE.UU and Canada Ebitda not included.
  • © 2015 Iberdrola, S.A. All rights reserved.