IBDSF - Iberdrola S.A. (IBDSF) Q4 2023 Earnings Call Transcript
2024-02-22 19:58:08 ET
Iberdrola, S.A. (IBDSF)
Q4 2023 Earnings Conference Call
February 22, 2024 3:30 AM ET
Company Participants
Ignacio Arambarri - Director of Investor Relations
Ignacio Galán - Executive Chairman
José Sainz - Chief Financial Officer
Armando Martínez - Chief Executive Officer
Conference Call Participants
Presentation
Ignacio Arambarri
[Foreign Language] Good morning, ladies and gentlemen. First of all, we would like to offer a warm welcome to all of you who have joined us today for our 2023 Fiscal Year Results Presentation.
As usual, we will follow the traditional format given in our events. We are going to begin with an overview of the results and the main developments during the period given by the top executive team that usually is with us. Mr. Ignacio Galán, Executive Chairman; Mr. Armando Martínez, CEO; and finally, Mr. Pepe Sainz, CFO. Following this, we will move on to the Q&A session.
I would also like to highlight that we are only going to take questions submitted via the web, so please ask your question only through our webpage www. iberdrola.com. As well, and given that we will be holding our Capital Markets Day in London on March 21, any questions you may have related to the medium- and long-term, please save them for that day. In this way, we will be able to adequately answer today the question related to the legacy of the 2023 results and also the ones about the expectation for 2024 and not take up too much of your valuable time. We know that many of you also have the results of other utilities today. Thank you very much for this.
Finally, we expect today’s event to last no more than 1 hour or 1.15-hour. Hoping that this presentation will be useful and informative for all of you.
Now, without further ado, I would like to give the floor to Mr. Ignacio Galán. Thank you very much, again, please Mr. Galán.
Ignacio Galán
Thank you, Ignacio. Good morning, everyone, and thank you very much for joining this results presentation. In 2023, net profit increased by 11% to €4,803 million driven by an investment of €11,382 million with an increase of 6%. This new record of investment reflects the huge activity carried out by the Group in 2023, with €18,100 million of purchases to several thousands of suppliers, which already employ close to half a million people worldwide. Also, with 4,700 new hires to reach a workforce almost of 42,300 employees. In a tax contribution of €9.3 billion globally, up 24%, with €3.5 billion only in Spain after an increase of 35% year-on-year....
Iberdrola, S.A. (IBDSF) Q4 2023 Earnings Call Transcript