Iberdrola, a prominent figure in the global energy arena, has witnessed soaring profitability in the first nine months of 2024, with profits reaching an impressive 5.471 billion euros. This notable increase includes a one-time benefit of 1.165 billion euros from asset sales in Mexico. Excluding this one-time gain, Iberdrola’s recurring net profit still demonstrated an impressive climb to 4.305 billion euros, marking an 18.4% growth.
The company’s operating gross profit (Ebitda) achieved a remarkable 23% increase, totaling 13.269 billion euros. This was largely propelled by strategic investments in electric grids and renewable energy, highlighting Iberdrola’s commitment to renewable resources. This surge in productivity underpins Iberdrola’s standing as a frontrunner in the energy transition globally.
The growth trajectory has been significantly supported by the robust performance in the United States and the United Kingdom. As a result, Iberdrola has increased its profit projection for the year to a striking 5.500 billion euros, reflecting a 14% rise compared to last year.
Beyond its core energy operations, Iberdrola is diversifying into the data center sector, with a secured 615 megawatts of capacity, largely centered in Madrid. As global investments in data centers are projected to reach 10 billion euros, Iberdrola aims to establish itself as a key player in Spain’s digital infrastructure landscape.
By relentlessly pursuing innovation, Iberdrola is not only thriving financially but also leading the way in environmental sustainability and technological growth, preparing for continued success in the dynamic global market.
Source: Exploring New Terrains: Iberdrola’s Adventurous Pursuits in 2024