MADRID, 25 Feb. (EUROPA PRESS) -

Iberdrola has become the second electric company in the world in market value, exceeding 70,000 million euros, only behind the American NextEra, according to the closing of the trading floors this Friday.

The electric company chaired by Ignacio Galán has managed to climb on the podium in a week in which the main Spanish companies have presented results.

The Basque electric company closed this Friday with a market capitalization of 70,201 million euros, surpassing the American Duke Energy with which it competes very closely. NextEra, with 136,000 million euros, is the world's leading electricity company.

In Europe, Iberdrola already led the ranking of companies with the highest capitalization above the Italian Enel, parent company of Endesa, and the French state-controlled EdF, which ended yesterday with capitalizations of 53,212 million euros and 46,108 million, respectively .

The Spanish electricity company registered a net profit of 4,339 million euros in 2022, which represents an advance of 11.6% compared to the previous year, in a year in which geographical diversification offsets the 19% drop in the result of Spain , as reported on Wednesday to the National Securities Market Commission (CNMV).

The company has made historic investments of 10,730 million euros, which is 13% more, despite inflationary pressures and the challenges of the supply chain.

With these data, the company announced that it continues to "take firm steps" in its commitment to speed up the energy transition to reduce dependence on fossil fuels, despite this being the sector that has benefited most from the crisis, according to recently released results.