BILBAO (dpa-AFX) - Spanish utility Iberdrola SA (IBDSF.PK) said it has earned 1.83 billion euros for the first nine months, down 19.5%, compared with last year, reflecting not only regulatory measures but also the one-off revaluation of balance sheet assets in the first half of 2013 under Law 16/2012.
Nine-month EBITDA was up 1.4% to 5.21 billion euros, driven by strong operating performance and INVESTMENTS in previous years, offsetting the impact of regulatory measures in Spain.
Ebitda showed a positive trend for the period, compensating for the regulatory impact on renewables in Spain and drought in Brazil, according to the company. The Group expects this trend to continue with Ebitda exceeding €6.6 billion for 2014, thereby advancing towards achieving goals for 2014-2016 forecast.
Further, the company has maintained its commitment to offering shareholders a minimum annual remuneration of 0.27 euros gross per share, which is equivalent to a dividend yield above 5% at current share prices.
Copyright RTT News/dpa-AFX