Iberdrola raises annual profit guidance to over 8 percent
Iberdrola raised its annual profit growth guidance to over 8 percent today. First-quarter adjusted net profit rose 11.4 percent to 1.865 billion euros.
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IBERDROLA SA, Europe's largest utility, raised its guidance for this year's adjusted profit growth to 8% after posting a 11.4% increase in first-quarter adjusted net profit. The Spain based utility previously projected 6% growth but reached €1.865B in adjusted profit despite currency headwinds. Investors are tracking the utility's ability to offset weaker currencies through operational efficiency and asset rotation.
