Iberdrola, a powerhouse in the energy sector, has achieved remarkable financial growth in 2024, with profits surging to 5.471 billion euros in the first nine months. An asset sale in Mexico contributed an impressive 1.165 billion euros to this figure. Excluding this boost, Iberdrola’s recurring net profit hit 4.305 billion euros, reflecting an impressive 18.4% increase compared to the previous year.
Outstanding Performance Through Innovation
The company’s operating gross profit (Ebitda) leaped by 23%, reaching 13.269 billion euros, driven by significant investments in electric grids and renewable energy. This surge has reinforced Iberdrola’s status as a leader in the global energy transition. The U.S. and U.K. have been crucial to this growth, with substantial upticks in Ebitda contributing to the company’s success.
Ambitious Forecasts and Future Ventures
Iberdrola has confidently revised its profit forecast for 2024 to 5.500 billion euros, a projected 14% increase from the previous year. But the energy giant is not resting on its laurels; it’s branching into the data center market. With 615 megawatts of capacity secured, primarily in Madrid, Iberdrola is set to become a formidable contender in Spain’s data center landscape, anticipating a potential 10 billion euro investment in global data centers.
In 2024, Iberdrola epitomizes a strategy of innovation and expansion, embracing new territories in both energy and beyond. This journey represents not just financial triumph but a commitment to exploring new frontiers in sustainable technology and infrastructure.
Source: Exploring New Terrains: Iberdrola’s Adventurous Pursuits in 2024
The source of the article is from the blog anexartiti.gr