Iberdrola will invest €32 billion between 2018 and 2022
04 September 2019
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Over 90% of capex will be allocated to networks (50%), renewables (37%) and contracted generation in Mexico (4%), business areas which will represent over 80% of Ebitda in 2022
The plan includes growth of Neoenergia in Brazil, a developing area along with the United States, improving the balance of EBITDA by currency: 35% in euros, 29% in dollars, 20% in pounds sterling and 16% in Brazilian reais
In 2022, net profit is forecast to be between €3.5bn and €3.7bn and the company’s shareholder remuneration policy will be maintained, growing in line with results. Expected net income would imply reaching a dividend of €0.4 per share
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