Madrid (EFE).- Iberdrola earned 4,339 million euros in 2022, 11.7% more than in 2021 thanks to the positive evolution of all geographies except Spain, where profit fell by 19%. due to regulatory and fiscal measures and the increase in costs.
As reported by the multinational to the National Securities Market Commission (CNMV), the gross operating result or ebitda increased by 10.2% compared to 2021, to 13,228.1 million euros.
The United States and Brazil offset the negative evolution of Spain and the slowdown in Mexico.
In 2022 conditioned by the energy crisis and the volatility of energy prices, Iberdrola increased its investments by 13%, to 10,730 million euros. It is a historical amount.
Of that amount, 38% went to the European Union (Spain was the country that received the most with 3,000 million euros).
1,200 million went to other States such as Germany, France or Portugal. 25% to the United States; 20% to Latin America; 13% to the United Kingdom, and the remaining 4% to territories such as Australia.
90% of the investment has been allocated to renewables and smart grids to accelerate electrification and promote energy autonomy.
As a result of the investments already made, the group closed last year with a renewable installed capacity of around 40,000 megawatts (MW) worldwide. 80% of its installed power is already emission-free.
The company also has 7,675 MW under construction that will be operational in the next four years.
Almost 3,500 MW of the total correspond to offshore wind projects in the United States, the United Kingdom, Germany and France.
The accounts of 2022
Iberdrola’s net operating expense stood at 5,209.1 million euros in 2022, 5.6% more, after excluding the impact of the exchange rate, the non-recurring effects of the asset rotation plan carried out in 2021 and the extraordinary in United States.
This increase is due to the growth of the workforce and higher foreign services due to the increase in the group and inflation.
Taxes increased by 112.7% due to the registration of favorable court rulings. Amortizations and provisions grew by 12.5%, to 5,244.1 million euros, with a negative impact from the exchange rate.
Cash flow increased by 25%, to 11,123 million euros, and the company has liquidity of 23,500 million.
The network asset base increased by 19% compared to the previous year, reaching 39.2 billion euros.
This is distributed evenly between the United States, with 31% of the total; United Kingdom and Spain, with 24% each; and Brazil, with 21%.
Network ebitda rose 21% to 6,525.8 million euros thanks to good performance in the United Kingdom, the United States and Brazil.
In Spain, all the magnitudes evolved downwards and this parameter fell by 1.5%, to 1,608 million.
In its international result, Iberdrola earned 4,339 million in 2022, 12% more. But the gross margin in national territory fell by 3.6% impacted by regulatory and legal issues.
The ebitda of the electricity production and customer business increased by 4.3%, to 6,699.2 million euros. In Spain this result was cut by 4.1%, to 3,460.2 million. The gross margin within the country was 5,340.5 million euros (20.2%),
In view of the results for 2022, the Board of Directors will propose to the General Shareholders’ Meeting a complementary remuneration of 0.31 euros gross per share.
To this remuneration must be added the interim dividend of 0.18 euros gross per share paid in January
Looking ahead to this year, Iberdrola expects to invest 11,000 million euros. This will allow it to increase its renewable installed capacity by 3,000 MW and continue increasing its network asset base, which exceeds 39,000 million euros.
With this, it foresees a growth in net profit ranging between 8 and 10%, or around 5% including the new temporary and extraordinary tax from the Government on income from unregulated activities of large energy companies in Spain.
Special mention is dedicated to the multinational to the group’s tax contribution. It contributed 7,500 million euros to the public coffers of the different countries in which it operates.
Of these, 2,600 million euros were in Spain, highlights Iberdrola, which defines itself as “one of the three companies that pays the most taxes to the Public Treasury.” EFE