IBERDROLA RENOVABLES, WORLD LEADER IN WIND ENERGY, MORE THAN TRIPLES NET PROFIT
The results for fiscal year 2008 confirm the strength and soundness of the company’s business models
2008 results bear witness to the good performance of IBERDROLA RENOVABLES in a scenario of worldwide slowdown in terms of GDP, in the economies where the Company operates. Thus, the Company has more than tripled net profit, reaching more than 390 million euros, and more than doubled its EBITDA (1,185.5 million euros), EBIT (709.6 million euros) and Gross Margin (1,621.2 million euros). It has also increased its cash-flow by a factor of 2.5, to more than 873 million euros, thanks to the volume of renewable assets in operation –20,216.2 million– the largest in the world. Leverage at year-end 2008 stood at 22.4%, providing further evidence of the Company’s financial strength.
IBERDROLA RENOVABLES ended the year with results that confirm its strength and underscore the
2008 results bear witness to the good performance of IBERDROLA RENOVABLES in a scenario of worldwide slowdown in terms of GDP, in the economies where the Company operates. Thus, the Company has more than tripled net profit, reaching more than 390 million euros, and more than doubled its EBITDA (1,185.5 million euros), EBIT (709.6 million euros) and Gross Margin (1,621.2 million euros). It has also increased its cash-flow by a factor of 2.5, to more than 873 million euros, thanks to the volume of renewable assets in operation –20,216.2 million– the largest in the world. Leverage at year-end 2008 stood at 22.4%, providing further evidence of the Company’s financial strength.
IBERDROLA RENOVABLES ended the year with results that confirm its strength and underscore the
