Iberdrola targets €10B profit by 2030, 10% annual growth

Iberdrola announced a new strategic target of exceeding €10 billion in net profit by 2030, implying roughly 10% average annual growth from current levels. The company has a track record of beating profit forecasts, but this guidance is forward-looking and subject to execution and market conditions. The announcement signals confidence in its renewables and grid investment pipeline, which could support its equity valuation.