Redeia Corporacion SA

Latest Results (20.12.2024):

Revenue Growth

Redeia Corporacion SA reported a revenue increase for the fourth quarter of 2023, reaching EUR 2,064.1 million, which represents a 2.4% growth compared to the same period in 2022. This growth was primarily driven by the management and operation of electricity infrastructure in Spain, which saw a 1.6% increase in revenue.

Profit Before Tax

For the fourth quarter of 2023, Redeia Corporacion SA's profit before tax was EUR 910.1 million, marking a 4.7% increase from the previous year's EUR 869.5 million. This improvement was largely attributed to the international electricity transmission segment, which saw a significant rise in profits.

Net Operating Profit

Redeia Corporacion SA's net operating profit (EBIT) for the fourth quarter of 2023 was EUR 689.6 million, reflecting a 3.7% increase compared to EUR 664.7 million in the same quarter of 2022. The growth in EBIT was supported by higher revenues and efficient cost management across its business segments.

Dividends and Investments

During the fourth quarter of 2023, Redeia Corporacion SA paid dividends amounting to EUR 547.4 million, a significant increase from the previous year's EUR 374.6 million. The company also made investments totaling EUR 569.3 million, up by 4.7% compared to 2022, indicating a strong commitment to future growth and expansion.

Outlook and Sustainability

Redeia Corporacion SA continues to focus on sustainability and future growth, as evidenced by its inclusion in the Dow Jones Sustainability Index and other ESG recognitions. The company remains committed to its 2023-2025 Sustainability Plan, with 52% of its objectives already met, and plans to further enhance its social and environmental contributions across all business areas.