Iberdrola, one of the foremost global corporations in the energy sector, has witnessed a substantial increase in profits, achieving an impressive 5.471 billion euros for the first three quarters of 2024. This financial growth was significantly bolstered by the sale of its Mexican assets, resulting in an exceptional gain of 1.165 billion euros. Excluding this one-time windfall, the company’s core net profit reached 4.305 billion euros, reflecting an 18.4% improvement.
Driven by Ambitious Investments: The company’s operating gross profit (Ebitda) escalated by 23%, reaching 13.269 billion euros, primarily due to increased investments in electric grids and renewable energy production. This heightened renewable output positions Iberdrola as a pivotal force in the global shift towards sustainable energy.
Spotlight on International Markets: The United States and the United Kingdom have served as key contributors to this growth, with notable Ebitda increases in these regions. Buoyant about the future, Iberdrola has updated its profit forecast for 2024 to 5.500 billion euros, marking a 14% rise from last year.
Furthermore, Iberdrola is diversifying its ventures by stepping into the data center market with 615 megawatts of secured capacity. This strategic move includes substantial investments in Madrid. The global data center market potential could climb to 10 billion euros, showcasing Iberdrola’s robust and varied expansion strategy.
As Iberdrola navigates through these ambitious avenues, it remains determined to balance innovation with its established environmental values, navigating potential challenges with prudence and strategic foresight.
Source: Exploring New Terrains: Iberdrola’s Adventurous Pursuits in 2024