The recurring net income, which excludes extraordinary effects such as gains from asset sales, reached 974 million euros, up 5% year-on-year, benefiting from increased renewable capacity and strong performance of electricity networks in Portugal and Spain, according to the statement issued to the Securities Market Commission (CMVM).
The company highlighted that the installed capacity grew by 3.4 gigawatts, allowing for a 14% increase in total electricity production, despite a 9% drop in the average selling price.
