Iberdrola’s Q1 Profit Soars 40% to $1.6 Billion on Higher Demand in Europe

The company posted revenue of €15.5 billion, an increase of 27.2 % YoY

May 2, 2023

/ Markets & Policy, Other, Renewable Energy

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Spain-based independent power producer Iberdrola recorded a net profit of €1.5 billion (~$1.6 billion) for the first quarter (Q1) of the financial year (FY) 2023, an increase of 40% on a year-on-year (YoY) basis.

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Gautamee Hazarika

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Iberdrola’s Q1 Profit Soars 40% to $1.6 Billion on Higher Demand in Europe

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