Iberdrola It has become the second electric company in the world in stock market value, exceeding 70,000 million euros, only behind the American company NextEra, according to the closing of the parquets this Friday. The electric that presides Ignacio Galan has managed to climb on the podium in a week in which the main Spanish have presented results.
The Basque electric company closed this Friday with a market capitalization of 70,201 million euros, surpassing the American Duke Energy, with which it competes very closely. NextEra, with 136,000 million euros, is the world’s leading electricity company.
In Europe, Iberdrola already led the ranking of companies with the largest capitalization above the Italian Enelparent company of Endesa, and of the French company EdF, controlled by the state. They concluded yesterday with capitalizations of 53,212 million euros and 46,108 million, respectively.
Growth of 11.6%
The Spanish utility registered a net profit of 4,339 million euros in 2022. It represents an advance of 11.6% compared to the previous year, in a year in which geographical diversification offsets the 19% drop in the result of Spain, as reported on Wednesday to the National Market Commission for Securities (CNMV).
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The company has made historic investments of €10.730 million. That’s 13% more, despite inflationary pressures and supply chain challenges.
With these data, the company announced that it continues to “take firm steps” in its commitment to accelerate the energy transition to reduce dependence on fossil fuels, despite this being the sector that has benefited the most from the crisis, according to recently released results.