Iberdrola SA

IBE: XMAD (ESP)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Iberdrola Earnings: 2026 Guidance Confirmed, Acquisition of Caruna for EUR 2 Billion

Tancrede Fulop

Jul 22, 2026

Iberdrola confirmed its 2026 net profit guidance and announced the acquisition of 80% of Caruna, a Finnish distribution company, for EUR 2 billion from KKR and Ontario Teachers' Pension Plan. The implied enterprise value is EUR 5 billion.

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Iberdrola SA

Iberdrola Earnings: 2026 Guidance Confirmed, Acquisition of Caruna for EUR 2 Billion

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