IBERDROLA (IBE) ++ der grüne spanische Versorger + Strom + Gas + Übernahme Phantasie ++ - Älteste Beiträge zuerst (Seite 70)

[mickefett]

von der Iberdrola Homepage:

18/02/2015
IBERDROLA RECORDS €2,327 MILLION NET PROFIT IN 2014, DRIVEN BY INTERNATIONAL BUSINESS

Total shareholder return in 2014 was 30.1%, ahead of the company's principal European competitors and the relevant indices (Ibex 35 and Eurostoxx Utilities)
Ebitda was 3.1% higher at €6,965 million with performance in the UK, US, Brazil and Mexico compensating a 7.4% drop in Spain
The Company further progressed towards meeting objectives in the 2014-2016 Outlook and beat projections for the year
Operating efficiency improved more than 2% due to control of net recurring operating expenses
Gross investments came to €3,716 million, with nearly 90% allocated to regulated businesses, and were held below operating cash flow in all areas
Debt was reduced by around €1.5 billion to €25,344 million, and net debt/Ebitda to 3.6 times, in line with the objective for 2016
The results enable the Company to maintain annual remuneration for shareholders at least €0.27 gross per share
IBERDROLA paid more than €5.5 billion in taxes in 2014, of which €2.44 billion were directly related to the company (49% of pre-tax profit)
The Group ended the year with 1,800 new contract hires. It sustains 350,000 jobs in countries where it operates

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IBERDROLA recorded Ebitda of €6,964.5 million in 2014, a rise of 3.1%, while net profit was 9.5% lower at €2,326.5 million. This decline reflected a lower level of non-recurring income as well the regulatory measures affecting in particular the business in Spain.

These results demonstrate further progress in meeting Ebitda and net earnings projections for the 2014-2016 period, underpinned by a solid business mix, balanced international diversification, active financial management and high operational efficiency.

By country, a highlight in the UK was approval of a regulatory and remunerative framework up to 2023 for distribution and up to 2021 for transmission projects, as a result of which the company expects total investments of around €8.27 billion. Another important milestone was the start up of West of Duddon Sands - the company's first offshore wind farm with 389 megawatts (MW) - and the assignment of capacity under the recent auction (2,261 MW).

In the US, the year was marked by an improved remuneration for networks business in Maine, the final stages of the transmission line connecting the US and Canada, completion of the Baffin wind farm and new projects improving networks reliability in New York.

In Mexico, the company is prepared to take advantage of growth opportunities derived from the energy reform approved by the Mexican government and is building new combined cycle plants and a cogeneration plant, to which a second will be added in the second quarter. IBERDROLA is also building two wind farms in the country where its renewable portfolio stands at 900 MW.

The business in Brazil succeeded in mitigating the impact of the drought through tariff reviews, and will continue work on building new hydro plants, once the 1,800 MW Teles Pires complex has been finalised, as well as on six new wind farms it has been adjudicated.

In Spain, the main highlights were the fact that the structural tariff deficit has been eliminated - leaving only some temporary imbalances pending - and quality of service achieved during the period.

IBERDROLA Group results

IBERDROLA revenues came to €30,032.3 million in 2014, a decline of 3.4%, while gross margin was 3.4% higher at €12,179.5 million as a consequence of a 7.5% fall in purchases. Net operating expenses were 4.8% higher at €3,633.8 million, although recurring expenses were only 1.1% higher at €3,506.1 million. Gross margin growth, higher than that of net operating expenses, resulted in a more than 2% improvement in operating efficiency.

Group Ebitda was 3.1% higher at €6,964.5 million, and 5.5% above the objective set for the year. The strong performance reflects a positive contribution from different countries that offset poorer trends in Spain where Ebitda fell 7.4%. Of the total, 75% came from regulated businesses, in line with IBERDROLA's business model of focusing on stable activities with attractive regulatory frameworks. Also noteworthy were the 15.4% rise in generation and supply and 5.6% in networks which compensated a 11.7% fall in renewables.

Operating cash flow (FFO) was 2.3% lower at €5,458.6 million and exceeded net investments in all businesses that came to €2,848 million during the year. Of this amount 87% was allocated to businesses that offered an attractive and stable regulation. By country, 46% was invested in the UK, 24% in the US, 18% in Spain and 12% in Latin America. In gross terms, investments came to €3,376 million.

Results by business

1) Networks: improvement in all countries except Spain

Ebitda from the networks businesses was 5.6% higher at €3,534.8 million in 2014, with all countries presenting a positive trend except Spain where Ebitda came to €1,438.5 million, affected by Royal Decree Law 9/2013. This negative impact was partially compensated by efficiency programmes put in place and investments from previous years.

The UK recorded Ebitda of ₤826.7 million, driven by higher revenues deriving from a larger asset base from the investments carried out. In the US, new tariff levels in Maine and the contribution from the interconnection between the US and Canada lifted Ebitda to €1,026.7 million.

In Brazil, Ebitda from networks came to R$934.7 million, reflecting the positive effect of new accounting norms for regulated assets, which compensated the impact of the drought.

2) Generation and supply: operating strength

This area generated Ebitda of €2,292.2 million, a rise of 15.4% that reflects strong operating performance throughout the year, coinciding with a temporary 6.2% decline in levies. In Spain, higher production (+8.2%) and lower costs compensated for lower prices and lifted Ebitda to €1,517.6 million from this business.

Ebitda in the UK came to ₤388.3 million, as a consequence of improved operating performance at power stations. The margin of Ebit to sales for generation and supply in the UK continues to be low at 1.3%.

In Mexico, Ebitda came to $465.5 million, driven by new contracts and higher sales to private customers.

3) Renewables: Spain, affected by regulatory measures

Ebitda from this business came to €1,326 million, a fall of 11.7%, which reflects a drop in Spain that could not be offset by positive performance in the UK, the US and Latin America.

In Spain, Ebitda fell 37% to €420.6 million, or €247.8 million lower than the previous year, due fundamentally to the negative impact of regulatory measures in place, which came to €339 million, and to lower prices.

Renewables in the UK recorded Ebitda of ₤213.9 million in a year marked by an increase in operating capacity and the startup of West of Duddon Sands, IBERDROLA's first offshore wind farm.

In the US, Ebitda from renewables came to $658.7 million, driven by a 0.9% rise in production and by favourable weather conditions during the period. In Latin America, Ebitda came to €71.2 million helped by higher operating capacity in Mexico and Brazil (+28%) and by higher load factors (+45%). In the rest of the world, the business recorded Ebitda of €73.7 million.

Continued improvement in financial strength

IBERDROLA made further progress in strengthening the balance sheet throughout 2014. In line with the 2014-2016 Outlook, the company reduced debt by around €1.5 billion to €25,344 million, adjusted for the cash dividend paid last December.

This improvement in debt levels reflects three drivers: generation of positive cash flows, progress in divestment of non-strategic assets including the sale of stakes in EdP and BBE, and control over investments.

The company thus succeeded in improving its financial ratios, with net debt/Ebitda at 3.6 down from 4, while FFO to net debt and retained cash low (RCF) to net debt were 21.5% and 18.6% respectively. Gearing came to 41.7% at the close of the year compared to 43.2% in December 2013.

The Group's financial management achieved a reduction in net cost of debt to 4.35% and lengthened average maturity to 6.3 years. It also sustained a solid liquidity position of around €9 billion at the end of the year.

The company maintains shareholder remuneration

Performance during the year enabled the Group to maintain its commitment to offering annual shareholder remuneration of at last €0.27 gross per share.

In this respect, the IBERDROLA board of directors yesterday approved two new capital increases which will enable two new editions of the Iberdrola Flexible Dividend programme, to be submitted for shareholder approval at the Annual General Meeting which is expected to be held on first call in Bilbao on March 27. Under this programme, shareholders can choose to receive remuneration in cash or in Company shares.

The Board of Directors will also propose a reduction in capital of up to 2.324% through the amortization of up to 148.483 million in treasury stock, with the objective of maintaining unchanged the number of shares on which earnings per share (EPS) is calculated. It also approved the payment of an attendance bonus for the AGM of €0.005 gross per share (€5 per 1,000 shares), both for shareholders present and represented.

During the year, total shareholder returnNote (1) came to 30.1%, above that achieved by IBERDROLA's European competitors and the principle relevant indices, the Eurostoxx Utilities (18.7%) and Ibex 35 (8.5%).

IBERDROLA's contribution to society

IBERDROLA's role as an engine for the economy and job creation is reflected in its fiscal contribution. The Company provided €5,506 million to state treasuries in the different countries where it operates through taxes and levies, including taxes collected from employees and social security, of which nearly 60% (€3,292 million) corresponds to Spain. The company’s direct fiscal contribution was €2,441 million (44.3% of the total) making up 49% of profits before tax and levies. In addition to this direct contribution by the Company, its activities generate around €10.5 billion a year in fiscal contributions including indirect and induced activities.

Throughout 2014, IBERDROLA continued to create quality employment, hiring 1,800 new professionals during the year. In 2014, every employee received an average of 40 hours of training. In total IBERDROLA provides work for 350,000 people around the world, taking into account indirect and induced employmentNote (2).

With this business projection, the Company expects that both Ebitda and net profit for 2015 will exceed levels recorded in 2014, while both net debt and the ratio of net debt to Ebitda will decline over the year.

[comiter [Blogger]]

Kein schlechter defensiver Wert, aber auch fair bewertet

[ALF-FRED]

https://www.moodys.com/research/Moodys-changes-outlook-on-Ib…

[mickefett]

von der Iberdrola-Homepage:
29/04/2015
IBERDROLA Q1 EBITDA ROSE 8.8% DRIVEN BY A 14.5% INCREASE IN INTERNATIONAL BUSINESS

Recurring net profit rose 7.2%, with net earnings similar to last year at €841 million due to lower extraordinary income
Gross margin rose 6.8% to €3,614 million, helped by strong results from networks (+17.3%) and renewables (+21.6%)
Financial strength improved over Q1 last year: gearing was reduced to 41.2% and net debt/Ebitda improved to 3.7x
Moody’s raised IBERDROLA’s ratings outlook, confirming the company as the IBEX industrial group with the best rating among leading credit agencies
Q1 results support IBERDROLA’s commitment to offer shareholders a minimum annual remuneration of €0.27 gross per share up to 2016
The Board accordingly approved an increase in capital in respect of a new edition of the Iberdrola flexible dividend programme in July, for at least €0.113 per share -plus €0.03 in cash- added to the €0.127 per share distributed in December
Directors also approved a capital reduction of 2.32% to maintain outstanding shares at around 6.24 billion
The proposed integration of UIL Holdings Corporation (UIL) and IBERDROLA's US subsidiary – with an enterprise value exceeding $4 billion – will create a new company listed on the New York stock exchange with assets exceeding $30 billion and in which IBERDROLA will hold 81.5% of its capital

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IBERDROLA recorded first quarter Ebitda of €2,136.3 million, a rise of 8.8%, while net earnings were stable at €840.8 million (-0.7%). Recurring net profit rose 7.2% to €795.9 million.

These results were made possible by growth in international businesses, which increased their contribution to Ebitda by 14.5%, and to strong operating performance during the period. Revenues rose 5.5% to €8,780.7 million while purchases were 4.6% higher at €5,167 million. Gross margin rose 6.8% to €3,613.7 million, with a 21.6% rise in renewables and one of 17.3% in networks.

Ebitda was 8.8% higher at €2,136.3 million, driven by international business and exchange rate effects. Of the total, 70% came from regulated businesses. By business area, networks and renewables stood out with Ebitda rises of 24.1% and 24.7% respectively, offsetting an 11.4% decline in generation and supply.

Networks businesses advanced in all regions thanks to a broader base of regulated assets and increased efficiency, while renewables were helped by a recovery in prices in Spain from extraordinarily low levels in 2014, and by increased output in the UK - following the completion of the West of Duddon Sands offshore wind farm - as well as in Latin America.

Generation and supply was however affected by lower hydro production in Spain compared to the high rainfall in the first quarter of 2014, and also reflected the extraordinary gains in the gas business during the first three months of last year.

Operating profit (EBIT) rose 5.3% to €1,343.8 million, with a 17% increase in depreciation due to currency impacts and new renewable capacity on stream. Net recurring profit rose 7.2% to €795.9 million and net earnings were stable at €840.8 million (-0.7%) reflecting lower extraordinary earnings compared to 2014. Funds from operations (FFO) were 6.6% higher at €1,658.5 million, exceeding investments which came to €593 million across all businesses.

Results by business

1. NETWORKS: GROWTH IN ALL COUNTRIES

EBITDA from networks rose 24.1% to €966.8 million, of which nearly 60% came from outside Spain which nonetheless improved to €398.9 million as a result of investments and efficiency measures.

In the UK, higher revenues from a broader asset base following investments drove Ebitda to €231.1 million. In the US, lower expenditure also helped improve results with Ebitda of $214.1 million while in Brazil it stood at R$226.8 million as the drought had no impact in the accounts as in the first quarter of 2014.

2. GENERATION AND SUPPLY: LOWER EXTRAORDINARIES

Generation and supply recorded Ebitda of €781.4 million, a drop of 11.4% resulting from lower hydro output in Spain and a fall in extraordinary income from gas in Spain and the US compared to the first quarter of last year. In Spain Ebitda came to €432.2 million, due to a 17% drop in production and higher costs in the generation mix.
In the UK, Ebitda came to €173.5 million reflecting on the one hand increased costs and on the other increased gas sales. In Mexico it rose 7.7% to €130.2 million driven by new contracts and renegotiation of existing agreements under more favourable terms.

3. RENEWABLES: RECOVERY IN SPAIN, GROWTH IN UK AND LATAM

Ebitda from renewables rose 24.7% to €428.3 million due to gains in Spain, the UK and Latin America. Of the total, 65% came from outside Spain. In Spain, Ebitda was €149.2 million with a 14.7% drop in production of energy compensated by a recovery from the extraordinarily low prices in 2014.

In the UK, Ebitda from renewables came to €111.2 million with a 14.7% increase in production reflecting a new contribution from the West of Duddon Sands offshore wind farm that reached full operating capacity in October 2014. In the US, a 13.2% fall in output affected Ebitda which came to $88.6 million. In Latin America, Ebitda came to €24.5 million, with a 26.2% increase in production, while in the rest of the world it stood at €28.2 million.

Continued improvement in financial strength

Net adjusted debt stood at €26,305 million compared to €25,718 million at the same time last year, due to a negative currency impact. Gearing improved to 41.2% from 42.2% despite that impact. Excluding financing for the temporary tariff deficit that at the end of March stood at €309 million, net adjusted debt would be €25,996 million and gearing 40.9%.

The Company also improved its financial ratios, with net debt/Ebitda at 3.7 times, funds from operations (FFO) to net debt at 21.1% and retained cash flow/net debt at 17.8%. Reflecting this trend, Moody’s improved Iberdrola’s outlook on April 8 to stable, and confirmed its current Baa1 rating. The Company has the best credit rating among IBEX industrials, and maintained a strong liquidity position exceeding €8.5 billion, enough to cover financing needs for 27 months.

Shareholder remuneration maintained

Performance during the quarter enabled IBERDROLA to reaffirm its commitment to offer shareholders a minimum remuneration of €0.27 gross per share until 2016.

The Board yesterday approved a increase to be carried out in July, the first that was approved by the recent General Shareholders Meeting, in order to implement a new edition of the IBERDROLA flexible dividend programme.

This remuneration plan will allow shareholders to receive IBERDROLA shares free of charge or in cash. To this effect, the Board set the price at which the Company guarantees to acquire subscription rights for shareholders that opt to receive remuneration in cash, at a minimum of €0.113 per share.

To this sum will be added the €0.03 gross per share to be paid on July 3, in addition to the €0.127 gross payment distributed last December against 2014 results, to complete the €0.27/share total remuneration for shareholders.

The Board also approved a capital reduction of 2.32% to maintain the number of outstanding shares at approximately 6.24 billion, thereby fulfilling two of the resolutions approved by the AGM last month in Bilbao where all items on the agenda were supported by an overwhelming majority with a 78.65% quorum.

Establishing a platform for future growth

IBERDROLA is pursuing a business model focused on creating a platform for future growth, based on networks, renewables and regulated generation in countries with a stable regulatory framework and growing demand. The Group expects to end 2015 with increased Ebitda and recurring net earnings compared to 2014.

For networks, the Company has completed the current round of investments in the UK and will continue expanding its regulated asset base through the various regulatory programmes under way in transmission and distribution with €8.3 billion in investments committed up to 2023.

In the US it has also achieved a number of milestones that guarantee growth for coming years: approval of new tariffs and a €800 million investment plan for the 2015-2019 period in Maine and one of €2.6 billion in New York state; initiation of a new rate case as well as negotiations on a new energy framework for New York state and new opportunities for transmission development in both states.

Additionally, the integration between UIL Holdings and Iberdrola USA, with an enterprise value of $4 billion, is envisaged for completion in the last quarter of 2015. Once completed, this would create a new company with more than $30 billion in assets and in which IBERDROLA will hold 81.5%.

During the course of 2015 the Company will advance towards closing the operation with the various required authorizations. It has already received approval from the US Justice Department and the Federal Trade Commission under the Hart-Scott-Rodino anti-trust law.

IBERDROLA expects to obtain all remaining federal authorizations between the third and fourth quarter, including the Massachusetts Department of Public Utilities, the Connecticut Public Utilities Regulatory Authority and the Federal Energy Regulatory Commission.

It also estimates approval will be obtained from the New York Stock Exchange and the Securities and Exchange Commission in the fourth quarter, after which UIL will hold a shareholders meeting which will vote whether to approve the integration which has already been approved by the company's board.

Elsewhere, the Company is consolidating growth in Brazil where a recent tarif review will improve networks business.

In renewables, a number of wind energy projects are confirming the Company's commitment to clean energy and putting into place the foundations for growth in coming years.

In the UK, IBERDROLA has 450 MW in wind projects, of which 350 MW are under construction and 100 MW are due to start construction this year, consolidating the Company as the leading wind energy operator in this country. It has also been awarded a contract for difference CfD) for its East Anglia One offshore wind farm for capacity of 714 megawatts (MW) which will involve an investment of approximately €2.8 billion up to 2019 when it starts operations.

In Germany, the Company is making progress in the 350 MW Wikinger offshore wind farm. In the US it continues to increase installed capacity with new wind farms such as the 202 MW Baffin project, and has an additional 900 MW of wind projects under development.

In Mexico, the Group is building two new wind farms with a total capacity of 136 MW which will start operations in 2015, and has a total wind and solar pipeline of 1,500 MW. In Brazil, it expects to start up 174 new megawatts in wind energy and 2016-2017 and has another 1,000 MW of wind projects in the pipeline. In regulated generation, concentrated in Mexico, IBERDROLA is building two new combined cycle plants and two cogeneration units.



IMPORTANT INFORMATION

This announcement is not an offer for sale or exchange of securities or request for offers for sale or exchange of securities in the United States or in any other jurisdiction. Shares in IBERDROLA S.A may not be offered or sold in the United States absent registration or an exemption from registration under the 1933 US Securities Act, as amended.

FORWARD-LOOKING STATEMENTS

This communication contains forward-looking information and statements about IBERDROLA S.A., including financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, capital expenditures, synergies, products and services, and statements regarding future performance. Forward-looking statements are statements that are not historical facts and are generally identified by the words “expects,” “anticipates,” “believes,” “intends,” “estimates” and similar expressions.

Although IBERDROLA, S.A. believes that the expectations reflected in such forward-looking statements are reasonable, investors and holders of IBERDROLA, S.A. shares are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of IBERDROLA, S.A., that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include those discussed or identified in documents sent by IBERDROLA, S.A. to the Comisión Nacional del Mercado de Valores and accessible to the public.

Forward-looking statements are not guarantees of future performance and have not been reviewed by the auditors of IBERDROLA, S.A. You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date they were made. All subsequent oral or written forward-looking statements attributable to IBERDROLA, S.A., or any of its members, directors, officers, employees or representatives are expressly qualified in their entirety by the cautionary statement above. All forward looking statements included herein are based on the information available on the date hereof. Except as required by applicable law, IBERDROLA, S.A. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

[mickefett]

Präsentation der Ergebnisse des 1.Quartals:

https://www.iberdrola.es/webibd/gc/prod/en/doc/resultados1T1…

[ALF-FRED]

http://www.reuters.com/article/2015/05/04/repsol-kuo-dynasol…

[ALF-FRED]

http://www.it-times.de/news/nicht-nordex-oder-vestas-sondern…

[mickefett]

Vorstellung Ergebnisse des 1.Halbjahres:

https://www.iberdrola.es/webibd/gc/prod/en/doc/retransmision…

[reti]

Antwort auf Beitrag Nr.: 50.191.944 von mickefett am 15.07.15 14:01:21

Eine Frage

Als Aktionär der Aktie wurde ich nach der Rückkehr aus dem Krankenhaus über irgendwelche Bezugsrechte usw überrascht. Mangels Informationsmanko in den letzten 14 Tagen würde ich mich über ein paar aufklärende Worte freuen und ob das nun positiv bewertet werden kann oder doch eher nicht-Danke!

[ALF-FRED]

Antwort auf Beitrag Nr.: 50.215.854 von reti am 18.07.15 15:41:11

grias di reti,

einfach nichts machen, die umtauschfrist ist sowieso vorbei -
du bekommst anstatt dividende ( anders die Anrechte könntest du an der Börse verkaufen ) Aktien eingebucht wenn du nichts machts,

nennt sich flexibles dividendenprogram - findet zweimal im jahr statt,

findest du auf der Homepage von iberdrola irgendwo,

ich mache das schon drei jahre, es gibt zweimal Aktien im jahr anstatt divi, dadurch verringert sich dein einstandskurs und du hast immer mehr Aktien im Depot, mit den jahren wird das immer mehr weil es sich potenziert !

ist diesmal 1 zu 54 , also für 54 Anrechte ( alte Aktien ) bekommst dann zusätzlich 1 neue