
Spanish power utility Iberdrola anticipates its net profit will exceed 6.4 billion euros this year and reach 7.3 billion euros by 2028, according to newspaper Expansion, which reportedly accessed details ahead of the company's new three-year strategic plan. This projected growth follows Iberdrola's booked net profit of 5.61 billion euros in 2024, signaling a robust financial trajectory for the utility.
According to an unconfirmed report from newspaper Expansion, Spanish utility Iberdrola is projecting significant net profit growth, with guidance expected to surpass 6.4 billion euros this year and reach 7.3 billion euros by 2028. This represents a substantial increase from the 5.61 billion euros net profit booked in 2024, implying a year-over-year growth of at least 14.1% for the current year. The 2028 target suggests a compound annual growth rate (CAGR) of approximately 6.8% from the 2024 baseline. As these figures have not been officially confirmed by Iberdrola, they set a high benchmark of expectation for the company's formal three-year strategic plan, which is scheduled for release on Wednesday. Confirmation of this guidance would signal a robust and sustained earnings trajectory for the company, underpinning strong fundamentals in its upcoming operational cycle.
AI-powered research, real-time alerts, and portfolio analytics for institutional investors.
Request a DemoOverall Sentiment
strongly positive
Sentiment Score
0.75