Iberdrola H1 Profit Rises 22%, Reaffirms Guidance

Iberdrola reported a 22% rise in first-half net profit to €4.34 billion and an 8% increase in adjusted earnings, with revenue of €22.47 billion as investment in grids and capacity grew in the UK, US, and Brazil. The company reaffirmed its guidance, announced the €5 billion acquisition of Caruna in Finland, and outlined a robust growth plan with a 25% rise in first-half investment to €7 billion, largely directed at networks.