As of 2011, the operating and economic and financial information of IBERDROLA Group is structured as follow business lines: Network Business, Wholesale and Retail Business, Renewable Energy Business and Other Businesses. On the other hand, Corporate encompasses the costs of the Group structure (Single Corporation) for the administrative services of the corporate areas that are later billed to the other companies, whether through specific service contracts or a management fee.

NET PROFIT AMOUNTED TO EUR 878,6 MILLION AT 2013 FIRST QUARTER RESULTS. 

2013 first quarter results marked by the good operating performance of the businesses but affected by multiple fiscal impacts.

The keys for the first quarter of 2013 have been:

• Gross Margin rose 5.5% to €3,573.1 million: Renewable business (+20.1%) and Wholesale and Retail Business (+11.1%) compensate for the impact of Networks in Brasil.
• Ebitda was €2,278.8 million (-3.7%). These results were conditioned by a series of temporary factors that distort comparison with the same period last year some of which will be offset in 2013 and 2014 (temporary excess energy costs in Brazil and ECO energy efficiency Programme in the United Kingdom).
• By business areas Ebitda increased 20.8% to €533.3 million in Renewables and decreased 9.5% (€749.7 millions), in Wholesale and Retail Business and 6.1% (€1,005.9 millions) in Networks. Regulated business made up 72% of total Group Ebitda.
• Levies on Generation and Renewables increased by 288% due to the tax increase in Spain and UK.
• Operating efficiency improved by 4.6%. Net Operating Expenses increased by 0.8%.
• The Group total production was 36,221  gigawatt hours (GWh). Renewable production nonetheless continued to improve, rising 17.0%  to 10,143 GWh.
• IBERDROLA has 46,015 MW installed capacity (-0.7%), of which 59.4% produces emission-free energy at low cost. There is likewise over 14,070 MW of renewable power installed, which has grown 0.3% in the period.

Further information on economic-financial and operating data of the IBERDROLA Group can be found in the section In Figures and First Quarter 2013 Report Results [PDF].

EBITDA BREAKDOWN (% AND € MILLIONS)

GROUPS TOTAL PRODUCTION (GWh)

Press releases related:

• IBERDROLA records first quarter earnings of € 878.6 million
• IBERDROLA earns €2,841 millions in 2012 driven by international growth
• IBERDROLA 9-months earning rose 12% to €2,4 billion with international growth driving improvement
• IBERDROLA earns €1,801 million to June despite sharp drop in Spain
• IBERDROLA first quarter net profit at €1,022 million with growth in all businesses
• IBERDROLA announces €2,805 million net profit for 2011 and maintains dividend
• IBERDROLA closes $2.4 bln purchase of electricity distributor Elektro, strengthening Brazil presence
• IBERDROLA projects €16 billion investments between 2010-12