IBERDROLA RENOVABLES has achieved very positive results and reaffirmed its world leadership in wind power. All this has been possible thanks to a flexible business model, solid balance sheet and highly diverse activities which permit the Company great revenue stability. As such, the Company has more than tripled net profit to over 390 million euros and multiplied by more than two its EBITDA (1.185 billion euros) and EBIT (709 million euros). It has also multiplied cash flow by 2.5 to over 873 million euros, which has facilitated the financing of future wind farms, maintaining its financial solidity with a leverage of just 22.4%. This favourable situation allows the Company to propose to the General Shareholders’ Meeting a single dividend payment of 2.5 euro cents per share, the first in its history as a listed company, which signifies a pay-out of 27%. With all this, IBERDROLA RENOVABLES will continue to carry out a solid business project, acting as a motor of growth and driver of economic activity through its investments and the creation of employment, always favouring the sustainable development of the societies in which it operates.