1. Homepage
  2. Equities
  3. Spain
  4. Bolsas y Mercados Espanoles
  5. Iberdrola, S.A.
  6. News
  7. Summary
    IBE   ES0144580Y14

IBERDROLA, S.A.

(IBE)
  Report
Real-time Estimate Tradegate  -  12:00 2022-08-12 pm EDT
10.74 EUR   -0.11%
06:12aIBERDROLA S A : Hub in Bilbao consolidates with 75 companies and collaborating entities at its global smart grid centre
PU
06:12aIBERDROLA S A : Hub in Bilbao consolidates with 75 companies and collaborating entities
PU
12:04aIberdrola Unit Begins Construction Of East Anglia Three Windfarm In UK
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Iberdrola S A : At the CEO Alliance for Europe, Galán advocates more investment and more Europe to provide security and a future for citizens

06/30/2022 | 03:42am EDT

News Back

29/06/2022

The Minister of Industry, Trade and Tourism, Reyes Maroto, opened the meeting

At the CEO Alliance for Europe, Galán advocates more investment and more Europe to provide security and a future for citizens

Group gathered at the session. In the centre: Ignacio Galán, Chairman of Iberdrola; Reyes Maroto, Minister of Industry; and Herbest Diess, Chairman of the CEO Alliance.

  • Participants agree on accelerating the transformation of Europe's industry towards new, more sustainable models
  • The companies that make up the CEO Alliance already employ 2 million people

The Chairman of Iberdrola, Ignacio Galán, today hosted the meeting of the CEO Alliance for Europe, the cross-sectoral group made up of some of the continent's largest companies, where he called for accelerating the transformation of industry towards new, more sustainable models that stimulate growth, create quality jobs, ensure energy supply, protect the environment and maximise the contribution of companies to society.

The meeting, which was held at Iberdrola's headquarters in Madrid, was opened by the Minister, Reyes Maroto, who highlighted the Government's shock plans to tackle the "uncertain" moment we are living through as a result of the war in Ukraine and agreed that the emergency measures must also include a "long-range" approach.

This is in line with the Alliance's goal to make the EU the world's leading climate protection region, while unlocking investment, boosting innovation in new technologies and creating future-proof jobs.

For Galán, the CEO Alliance's mission "is to continue working together and collaborate with national and European authorities to achieve public policies that will help us attract more investment to the continent and accelerate our transformation and the decarbonisation of Europe, because we believe this is the best way to create jobs and the future".

Created in 2020 against the backdrop of the COVID-19 pandemic and the historic Green Deal, the Alliance is made up of 14 leading European companies representing all major industrial sectors, from automotive to telecoms, technology and electricity, with some 2 million employees and annual revenues of €560 billion.

The group believes that the vision of a more prosperous, sustainable and resilient Europe, focused on decarbonisation and digitalisation, will require a collective effort by all member states, but also collaboration between the public sector and industry.

In this respect, the Alliance is already undertaking joint projects that focus on the future competitiveness of green technologies.

In October 2021, E. ON, Enel and Iberdrola, together with ABB and SAP, announced their cooperation to build a green hydrogen value chain - leveraging their competitive advantage in renewable energy production in Southern Europe - to supply green hydrogen and green ammonia to industrial sites in Central and Northern Europe.

The group was also responsible for the agreement between Iberdrola and H2 Green Steel to build a green hydrogen plant to be located on the Iberian Peninsula, with a capacity of 1,000 MW and an estimated investment of 2.3 billion euros. It will power a furnace to produce around 2 million tonnes of pure green steel per year, achieving a 95% reduction in CO2 emissions.

The plenary, moderated by the former European Commissioner for Climate Action, Connie Hedegaard, and chaired by the Minister of Industry, Trade and Tourism, Reyes Maroto - who signed the company's Book of Honour.

Members of the alliance are the Chairman of Volkswagen AG and the European CEO Alliance, Herbert Diess, Morten Wierod (ABB Group); Henrik Henriksson (H2 Green Steel); Frans Van Houten (Royal Philips Electronics); Leonhard Birnbaum (E. ON); Christian Levin (Scania Group); Peter Weckesser (Schneider Electric); Börje Ekholm (Ericsson); Anders Danielsson (Skanska); Andrea Orcel (UniCredit) and, telematically, Thierry Vanlancker (Akzo Nobel NV) and Francesco Starace (Enel Group).

Disclaimer

Iberdrola SA published this content on 29 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 June 2022 07:41:02 UTC.


© Publicnow 2022
All news about IBERDROLA, S.A.
06:12aIBERDROLA S A : Hub in Bilbao consolidates with 75 companies and collaborating entities at..
PU
06:12aIBERDROLA S A : Hub in Bilbao consolidates with 75 companies and collaborating entities
PU
12:04aIberdrola Unit Begins Construction Of East Anglia Three Windfarm In UK
MT
08/11IBERDROLA S A : starts construction of the 1,400 MW East Anglia Three offshore wind farm i..
PU
08/11Iberdrola starts up 'Francisco Pizarro', the largest photovoltaic plant in Europe
AQ
08/11ScottishPower starts work on East Anglia THREE wind farm
RE
08/10Iberdrola group - Green hydrogen plant to decarbonize UK's largest freight port
AQ
08/10IBERDROLA S A : starts up 'Francisco Pizarro' in Extremadura, the largest photovoltaic pla..
PU
08/09ScottishPower Plans To Build Green Hydrogen Plant at U.K.'s Busiest Container Port
DJ
08/09IBERDROLA S A : to build green hydrogen plant to decarbonise UK's largest freight port
PU
More news
Analyst Recommendations on IBERDROLA, S.A.
More recommendations
Financials
Sales 2022 45 794 M 47 289 M 47 289 M
Net income 2022 4 253 M 4 392 M 4 392 M
Net Debt 2022 43 760 M 45 188 M 45 188 M
P/E ratio 2022 16,2x
Yield 2022 4,32%
Capitalization 67 096 M 69 285 M 69 285 M
EV / Sales 2022 2,42x
EV / Sales 2023 2,52x
Nbr of Employees 39 737
Free-Float 98,3%
Chart IBERDROLA, S.A.
Duration : Period :
Iberdrola, S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends IBERDROLA, S.A.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 24
Last Close Price 10,76 €
Average target price 11,97 €
Spread / Average Target 11,3%
EPS Revisions
Managers and Directors
José Ignacio Sánchez Galán Chairman, President & Chief Executive Officer
José Sáinz Armada Director-Finance, Control & Corporate Development
Fernando Lucero Batalla Head-Information Technology & Finance
Maria Dolores Herrera Pereda Compliance Director
Juan Carlos Rebollo Liceaga Group Director-Administration & Control
Sector and Competitors
1st jan.Capi. (M$)
IBERDROLA, S.A.3.31%69 285
NEXTERA ENERGY-4.21%175 710
DUKE ENERGY CORPORATION3.44%83 549
SOUTHERN COMPANY13.59%82 808
DOMINION ENERGY, INC.4.07%68 065
ENEL S.P.A.-29.04%52 457