Iberdrola Net Profit Totalled €2,860.6 MLN In 2008, Driven By International Business And Renewables

Thanks to €36 billion invested between 2007 and 2008 and to the Company’s international and diversification policy

IBERDROLA NET PROFIT TOTALLED €2,860.6 MLN IN 2008, DRIVEN BY INTERNATIONAL BUSINESS AND RENEWABLES

• Earnings per share rose 21.3% to €0.57

POSITIVE BUSINESS TRENDS

• More than half of Ebitda generated by international business and renewables
• Installed capacity was 43,000 MW, contributing to a 14% rise in production
• The Company continued to focus on clean energy, with 52% of world-wide installed capacity emission free

A SOLID BUSINESS MODEL

• Group liquidity exceeded €8 billion, thanks to a forward-looking financial strategy
• Dividend policy maintained, with a 20% rise in proposed payment (€0.332 per share)
• The third largest company in the IBEX 35 and one of the five largest world-wide by market capitalization

FUTURE GROWTH ASSURED

• Efficiency improvement measures will continue in all businesses
• Positive regulatory prospects in Spain, the UK and the U.S. (support for renewable and new infrastructure)
• Well placed to meet future challenges: assured growth deriving from new projects in wind, hydroelectric and nuclear generation

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