Iberdrola’s General Shareholders’ Meeting tails Ignacio Galán’s operation by 98
Massive support from shareholders for the Group’s operation. All the blocks of judgments , which include the 20 proffers included in the docket, entered a positive vote of 98 on average, demonstrating, formerly again, the confidence of investors in the operation of the company’s operation. This time, the Meeting recorded a significant increase in the participation of institutional, public and transnational investors.
Applicable dispatches TO SHAREHOLDERS
Loftiest tip in the history of the group a gross tip of0.44 euros per share will be paid in 2021, plus an attendance tip of0.005 euros gross per share
Leader in Europe it has increased its size sevenfold in twenty times, getting the largest electricity company in Europe by request capitalisation and the fourth largest in the world
duty donation the group has paid,836 million euros into the public resources of the countries where it operates- 5 further than the former time, i.e. 361 million euros more. This figure is original to 42 of its profit before commercial levies, other levies and social security outstanding by the company
motorist of stable and quality employment the company generates employment for further than,000 people worldwide and has made,600 hires in 2021, provides further than 50 hours of training per hand per time and has a pool of nearly,000 professionals in 40 countries
Record investments The company has made record investments of9.94 billion euros in 2021, which is 3 further than the former time. These investments have enabled the commissioning of nearly,500 MW of green power in 2021
Commitment to society The company has further than 100 measures for work- life balance and inflexibility so that men and women can contribute inversely to family life
Support for Ukrainian society. The President transferred a communication of solidarity to the people of Ukraine and his want that the irruption would end as soon as possible and that freedom and peace would be restored in Ukraine.
The Chairman of Iberdrola, Ignacio Galán, moment addressed the further than,000 shareholders of the Company at the General Shareholders’ Meeting, which was formerly again held in person. During his speech from the Iberdrola Tower in Bilbao, he reaffirmed the company’s investment commitment to contribute to accelerating the energy transition” Investments, which have reached,940 million euros, have allowed us to grow at a advanced rate than anticipated, attesting the success of our sustainable model aimed at consolidating an emigration-free and energy-independent frugality”, the Chairman assured hisshareholders.The quorum was72.13 of the share capital, which represents a significant increase in the participation of institutional, public and transnational investors, 6 points
STRONG PERFORMANCE AND GROWTH PROSPECTSThe consequence of this investment effect and the pace of its exertion has been passed on to results and shareholder remuneration. In fact, deals reached,114 million euros, an increase of 18 compared to 2020, and the group’s operating profit stood at,006 million euros, 19 advanced than the former time. In addition, net profit climbed to€,855 million, over 8 compared to 2020.” It’s these excellent results, achieved through the trouble, fidelity and success of all the professionals who make up Iberdrola, which allow us to be proud of the company that we’re moment”, hesaid.Since the appearance of Ignacio Galán, the company has gone from being a original electricity company to consolidating its position as Europe’s leading electricity company, adding its size sevenfold in the last twenty times. In addition, the company has managed to multiply its operating profit by nearly six times, its net profit by further than four times and its means by seven times, to further than,000 millioneuros.In relation to the current environment, the president stressed Iberdrola’s” clear advantages” due to its pioneering work in renewables, green backing and its expansion in stable and seductive requests. In addition, Ignacio Galán stated that one of” the main sundries that we’re bringing to this Meeting for blessing is the reform of the Articles of Association and the Regulations of the Meeting to consolidate Iberdrola’s commitment to its Purpose and Values and to its social tip”. Iberdrola’s Chairman also appertained to the future” We maintain our profit vaticinations for this time, of between,000 and,200 million euros”. During the donation, the president claimed that Iberdrola has a flexible business model in the current request environment it’s largely diversified- 70 of gross periphery comes from the transnational area-, has a solid fiscal structure- 80 of debt is fixed- rate and long term, with an normal of further than 6 times- and purchases with unrestricted or assured prices for 2022, therefore avoiding the current pressures in raw accoutrements . The company’s exertion is easily less sensitive than others to cycles due to the stability of electricity consumption, and demand is anticipated to continue to grow thanks to electrification. also, Iberdrola is veritably diversified geographically one third of the business is in euros, one third in bones
and 20 in pounds sterling. utmost of the earnings are defended from affectation by contracts, especially in the regulatedpart.Chairman Ignacio Galán explained how the rise in gas prices is negatively affecting the company, as it has fixed price contracts in place for this time, and the rise won’t be passed on tocustomers.During his speech, Ignacio Galán refocused out that Iberdrola has been a colonist in equivalency for numerous times. The company has further than 100 measures for work- life balance and inflexibility so that men and women can contribute inversely to family life, with workers of 79 ethnicities, making it one of the top 10 companies in the world for integration. In this chapter, he stressed the donation to women’s sport