Iberdrola has become the second electric company in the world in market value by exceeding 70,000 million eurosonly behind the American NextEra, according to the closing of the parks last 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 highest capitalization above the Italian Enelthe parent company of Endesa, and the French company controlled by the State EdF, which concluded yesterday with capitalizations of 53,212 million euros and 46,108 million, respectively.
The Spanish electric company recorded a net profit of 4,339 million euros in 2022, which 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 Commission of Stock Market (CNMV).
The company has made historic investments of 10,730 million euros, which is 13% more, despite inflationary pressures and the challenges of the supply chain.
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.