Connect with us

Hi, what are you looking for?

News

Iberdrola, S.A. (IBDSF) Q3 2023 Earnings Call Transcript

Iberdrola, S.A. (OTCPK:IBDSF) Q3 2023 Earnings Call Transcript October 26, 2023 3:30 AM ET

Company Participants

Ignacio Arambarri – Investor Relations

Jose Sanchez Galan – Executive Chairman

Pepe Sainz – Chief Financial Officer

Gerardo Calatrava – General Secretary

Conference Call Participants

Ignacio Arambarri

[Foreign Language] Good morning, ladies and gentlemen. First of all, we would like to offer a warm welcome to all of you who have joined us today for our 2023 nine months results presentation.

As usual, we will follow the traditional format given in our events. We are going to begin with an overview of the results and the main developments during the period, given by the top executive team that usually is with us: Mr. Ignacio Galan, Executive Chairman; Mr. Armando Martinez, CEO; and finally, Mr. Pepe Sainz, CFO. Following this, we will move on to the Q&A session.

I would also like to highlight that we are only going to take questions submitted via the web. So, please ask your question only through our web page, www.iberdrola.com. Finally, we expect that today’s event will not last more than 1 hour and 15 minutes. Hoping that this presentation will be useful and informative for all of you.

Now, without further ado, I would like to give the floor to Mr. Ignacio Galan. Thank you very much, again. Please, Mr. Galan?

Jose Sanchez Galan

Thank you, Ignacio. Good morning, everyone, and thank you very much for joining this results presentation. In the first nine months of 2023, net profit reached EUR3,637 million, up 17%, or 22% excluding noncash tax provision related to the Mexico transaction, as Pepe will explain in more detail later on. EBITDA grew 13% to EUR10,783 million, driven by our ongoing strong operation performance, reflecting the higher production in our core geographies, mainly in renewables, due to the improvement in load factors, lower energy purchases, and higher operational efficiency.

Read the full article here

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Videos

Watch full video on YouTube

Videos

Watch full video on YouTube

Videos

Watch full video on YouTube

Videos

Watch full video on YouTube