Spanish Windfall Tax Impacts Iberdrola's Net Profit, Company Expects 8-10% Rise by 2023

 

 

 

 

Spanish power company Iberdrola predicts an 8-10% increase in its net profit by 2023, prior to accounting for the implementation of the Spanish windfall tax. The tax is expected to negatively affect the company's earnings. Despite this, Iberdrola remains optimistic about its future growth, emphasizing its commitment to renewable energy and the transition towards a greener economy. However, it will be important for the company to carefully navigate the tax landscape and adapt its strategies to mitigate potential impacts, while continuing to invest in sustainable initiatives.

 

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[Disclaimer: The aforementioned content does not represent an advertisement but rather a revised article based on the attached news link.]