Iberdrola will hold its Capital Markets & Day in London on November 9, which was to be held in March and was postponed due to the uncertainty caused by Russia’s war in Ukraine, and will present its new Strategic Plan 2022-2025. At this event, the company will update its roadmap for the coming years, and it will be attended by the main analysts and international investment fund managers who follow the evolution of the company on the trading floor as well as its financial position.
During the presentation of half-yearly results last July, the company that presides over Ignacio Galan reiterated its net profit estimate of between 4,000 and 4,200 million by 2022despite the bad behavior of the business in Spain, where its result fell 26% in the first half of the year. The group, however, earned 36% more in the first half of the year, mainly thanks to the good performance of its international businesses in the United States, Brazil and the United Kingdom.
The new Iberdrola Plan is framed in a context of uncertainty in Spain due to the regulation of the Government of Pedro Sanchez and with the definitive global commitment to renewable energies, where Iberdrola starts with an advantage.
With more than 170 years of experience, Iberdrola is one of the main energy companies in the world, a leader in renewables, which champions the energy transition towards a low-emissions economy. The group supplies energy to nearly 100 million people in dozens of countries and develops its renewables, networks and commercial activities in Europe, the United States, Brazil, Mexico and Australia and maintains markets such as Japan, Ireland, Sweden and Australia as growth platforms. Poland, among others.
With a workforce of almost 40,000 people and assets of more than 150,000 million euros, in 2021 it obtained revenues of 39,100 million euros and a net profit of 3,885 million euros.
The company contributes to the maintenance of 400,000 jobs in its supply chain, with annual purchases of more than 10,000 million euros.