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Iberdrola Raises Profit Outlook and Sees Faster Growth Through 2030

Iberdrola raised its profit target for this year for a second time and expects profit to grow faster in coming years than previously forecast.

IBE

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06:46:17 AM UTC
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Iberdrola raises outlook again, sees higher profit growth through 2030

By Pietro LombardiEurope's largest utility Iberdrola BME:IBE on Wednesday raised its profit target for this year for the second time and said it expects profit to increase in coming years at a faster pace than previously forecast, as its focus on power networks pays off.The Spanish company expects…