Iberdrola has become the world’s second-largest power company in terms of market value, exceeding 70,000 million euros, behind the American NextEra, according to the stock market close on Friday.
The electricity company chaired by Ignacio Galan managed to get on the podium in a week in which the main Spanish companies presented results.
The Basque company closed on Friday with a market capitalization of 70,201 million euros, overtaking the American company Duke Energy, with which it is in close competition. NextEra, with 136 billion euros, is the world leader in electricity.
In Europe, Iberdrola was already at the top of the ranking of companies with the largest capitalizationahead of Italy’s Enel, the parent company of Endesa, and France’s state-controlled EdF, which ended Friday with capitalizations of 53.212 billion euros and 46.108 billion euros respectively.
The Spanish power utility reported net profit of 4.339 billion euros in 2022, up 11.6% from a year earlier, in a year where geographic diversification offset a decline in 19% of the profit in Spain, she told the National Securities Market Commission (CNMV) on Wednesday.
The company has made historic investments of 10.73 billion eurosup 13%, despite inflationary pressures and supply chain challenges.
With these figures, the company has indicated that it continues to “take firm action” in its commitment to accelerate the energy transition to reduce dependence on fossil fuels, despite this being the sector that has benefited the most. of the crisis, according to the results published recently.
