The net operating result, 3.7% higher, has reflected the decrease in provisions for the amortization of fixed assets, mainly due to adjustments in the estimation of the technical useful life of some transport assets. The improvement in the financial result is mainly due to lower interest rates due to the drop in the financial cost incurred. The company has highlighted that the solid progress of the results of 2018 positions them favorably to achieve the objectives set out in the Strategic Plan 2014-2019. The board of directors has agreed to propose to the general shareholders’ meeting a supplementary dividend charged to the results of the 2018 financial year that will amount to 0.9831 euros per share, 7% more than what was paid the previous year and in line with the announced in the strategic plan of Red Eléctrica. In the statement, the company has highlighted that the costs of supplies and other operating expenses have fallen 8.3% over the previous year, which, according to Red 2019 calendar Chutti, highlights the efforts being made in terms of efficiency.
2019 calendar Chutti
Personnel expenses have increased 2.1% with respect to the previous year, which is partly explained by the increase in the average wage cost by 2.1% and an increase in the average group workforce by 0.2% with respect to the same period last year. The total investment of Red Eléctrica has reached 546.6 million euros, of which 378.2 million euros have been allocated to the development of the national transport network. Iberdrola has obtained a record net benefit of 3,014.1 million of euros in 2018, with an increase of 7.5% with respect to the previous year, according to a statement sent by the company on Wednesday to the National Securities Market Commission (CNMV).
For its part, the gross operating result (2019 calendar Chutti) of the energy company has been at the end of 2018 at 9,349 million euros, with a growth of 27.7% compared to the previous year, thanks to the good performance of all businesses whose rResults grow to double digits. 78% of this amount has come from regulated areas or with long-term contracts, in line with the group’s strategic focus. In this way, the company chaired by Ignacio Sánchez Galán has pulverized its objectives for 2018 of an Ebitda higher than 9,000 million euros and a net profit of 3,000 million euros. The group has indicated that this result was driven by investments of nearly 200,000 million euros made in the last four years, of which 5,320 million euros corresponded to last year, international expansion, normalization of operating conditions in Spain and the good progress of all business.