Endesa registered net profit of 253 million euros in the first quarter of 2017, down 26% from a year earlier, due to the impact of the “high” prices of electricity in the wholesale market. Its dividend yield is still attractive at 5.7%, while the share price has also been supported by rumours of a corporate deal.
Spain’s three biggest utility companies, Iberdrola, Endesa and Gas Natural, earned 30% less in 2015, recording a combined profit of € 5.0009,6 billion in 2015, 29.6% less than a year earlier.
MADRID | Endesa’s head office in Madrid was the first corporate headquarters in Spain to achieve triple certification in 2011.
Spain’s Endesa has sold 100% of its business in Ireland to Scottish and Southern Energy. The operation represents an expansion in market share of 12% for SSE.
MADRID | Ferrovial announced its construction subsidiary Ferrovial Agroman has been awarded several contracts to build 325 kilometres of gas pipeline in Spain for Endesa Gas. The contracts are worth €35 million in total. From 2012 until 2014, Ferrovial Agroman will build gas pipelines in the regions of Valencia, Castilla y León and the Balearic Islands. The infrastructure company said Ferrovial Agroman will execute 75 kilometres of gas pipeline in Alicante. In Castilla…