Iberdrola 2020

Iberdrola

Iberdrola Maintains Its Growth Objectives For 2020

At Iberdrola’s Annual General Shareholders’ Meeting last Thursday, Chairman Ignacio Galán announced that, for the time being, he expected Net Attributable Profit to grow at a “high single-digit” rate in 2020, thanks to record investments of over €10 Bn. The firm’s dividend is seen increasing in line with profits, he added. Bankinter analysts believe that Iberdrola’s expectations for 2020 may appear “somewhat optimistic, given the current context of uncertainty about the depth and duration of the Covid-19 crisis”.