UPDATE 1-Iberdrola targets profit growth in 2020 after meeting 2019 target [Reuters]
IBERDROLA SA S/ADR (IBDRY)
NASDAQ:AMEX Investor Relations:
iberdrola.com/shareholders-investors
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Source: Reuters
UPDATE 1-Iberdrola targets profit growth in 2020 after meeting 2019 target (Adds detail, background) MADRID, Feb 26 (Reuters) - Leading global wind power producer Iberdrola on Wednesday posted a 13% net profit increase in 2019, meeting its broad growth target and said it aimed to keep investing in renewables and networks to post high single-digit growth in 2020. Buoyed by ambitious international targets to switch to green energy and increasing investor interest in environmental, social and corporate governance, renewables-focused utilities such as Iberdrola have become stock-market favourites. Powering more than 30 million homes and businesses in Spain, the United States, Brazil and Britain brought Iberdrola a net profit of 3.41 billion euros ($3.7 billion) in the period. Based in northern Spain, the company, which owns Avangrid in the United States and Scottish Power in Britain, had forecast its net profit would rise at a double-digit rate in 2019. Iberdrola’s shares have risen aroun
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