Iberdrola Posts Net Profit Of €2.804 Bn (+3,7%); Positive Impact Of €1.284 Bn From US Tax Reform
Iberdrola reported net profit of 2.804 billion euros in 2017, up 3.7% from a year earlier. Consolidated EBITDA fell by 7.8% to 7.318 billion euros last year. The results were impacted by the US tax reform and difficult operating conditions in Spain.