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MarketScreener Homepage  >  Equities  >  Bolsas y Mercados Espanoles  >  Iberdrola, S.A.    IBE   ES0144580Y14

IBERDROLA, S.A.

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Iberdrola : is the first multinational listed in the Ibex 35 to gain AENOR certification for its COVID-19 action protocol

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06/05/2020 | 04:51am EDT

Compliant with the legal requirements set by the competent authorities and with sector recommendations and guidelines

Iberdrola has become the first multinational listed in the Ibex 35 to gain AENOR certification for its COVID-19 action protocols in compliance with the legal requirements set by the competent authorities and with sector recommendations and guidelines.

For now, this certificate applies to the Iberdrola holding, but it will soon extend to all of the companies in the group, proving the success of the action protocols implemented by the company to tackle the coronavirus pandemic so as to secure a quality, reliable supply of electricity while also looking out for people's health and safety.

The certification granted by AENOR to Iberdrola shows the value of the 150+ measures that the company has implemented in a global and coordinated manner over the past few months to support all of its stakeholders during the health crisis: employees, suppliers, shareholders and society as a whole.

These measures include having purchased and subsequently donated essential healthcare products worth around €25 million and reinforcing the grid to secure a reliable power supply for hospital facilities.

Iberdrola also went out of its way to keep the supply chain going, which meant bringing forward €4 billion worth of orders from over 10,000 suppliers during the first quarter of the year - twice the amount spent in Q1 2019.

Committed to employment and employee health and safety

Iberdrola has once again demonstrated its commitment to keeping up and creating quality employment during the COVID-19 crisis, having announced its plans to hire thousands of professionals in 2020.

The company also succeeded right from the beginning in striking a balance between the need to continue providing society with its essential power supply service and the responsibility to protect the health and safety of each and every employee.

Iberdrola sees the well-being of its human capital as a top priority, which is why it was the first multinational to obtain AENOR's Healthy Company certificate under a year ago, applying to all of the companies in the group that operate in 25 countries.

The company is currently endeavouring to improve its various occupational health and safety programmes with a view to raising its management system certification from the current OSHSAS 18001 to ISO 45001, as already achieved by its companies in the UK.

Disclaimer

Iberdrola SA published this content on 04 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 June 2020 07:50:07 UTC


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Financials
Sales 2020 36 783 M 43 226 M 43 226 M
Net income 2020 3 736 M 4 390 M 4 390 M
Net Debt 2020 39 559 M 46 489 M 46 489 M
P/E ratio 2020 18,3x
Yield 2020 3,92%
Capitalization 63 321 M 74 443 M 74 413 M
EV / Sales 2020 2,80x
EV / Sales 2021 2,71x
Nbr of Employees 35 816
Free-Float 94,7%
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Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 11,05 €
Last Close Price 10,60 €
Spread / Highest target 19,8%
Spread / Average Target 4,22%
Spread / Lowest Target -18,9%
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Managers
NameTitle
José Ignacio Sánchez Galán Chairman, President & Chief Executive Officer
José Sáinz Armada Chief Financial & Resources Officer
Fernando Lucero Batalla Head-Information Technology & Finance
Íñigo Víctor de Oriol Ibarra External Director
Samantha Catherine Barber Independent Director
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