[Trending News] IAG wins 2,732 million in 2024 and announces a complementary dividend and shares of shares

Last year's airline holding holding income 9%grew, up to 32,100 million from 29,453 million, while the Operational benefit before exceptional items increased by 26.7%, to 4,443 million euros from 3,507 million 2023.

The company highlights the structural improvements, which allow to achieve An operational margin of 13.8% before exceptional items (11.9% in 2023).

He Free cash flow stood at 3,556 millionafter an investment of 2,816 million euros in the business.

He Return on capital invested was 17.3% “Thanks to the disciplined allocation of capital,” said the company in its results statement.

“These results highlight the quality of our business and the effectiveness of our strategybacked by the Successful execution of our transformation program throughout the group. We are achieving first level margins and returns, in line with the objectives we established in the market just over a year ago. We focus on continuing to make our brands the first option for customers, expanding our network and improving the value proposal for them. At the same time, our discipline in capital allocation allows us Continue to invest in the business, obtain solid financial results and generate sustainable value for our shareholders“said Luis Gallego, CEO of IAG.

“I am pleased to announce that IAG proposes A final dividend that raises our total dividend of the year to 435 million euros And we intend to return up to 1 billion additional surplus capital euros to shareholders within up to 12 months, “he added.

Dividend and repurchase

IAG announced this Friday, coinciding with the results, its decision to propose to the Board The distribution of a complementary dividend of 6 cents charged to exercise 2024.

This, together with the dividend on account paid in September 2024, supposes An annual dividend of 9 cents per actionwhich represents a total dividend of 435 million euros with respect to the year.

In response to the approval of the Board, the complementary dividend It will be paid as of June 30, 2025 to the shareholders registered in the Registry on June 27, 2025 (the dividend will be subject to a retention of 19%, 0.0114 euros per share, which represents a net amount per share of 0.0486 euros).

IAG has also announced today A sharing repurchase program for a maximum amount of 1,000 million euros which will be implemented in the next 12 months.

“The two previous measures reflect our permanent confidence in the group's strategy and business model, as well as in the long -term perspectives of the business,” said the company.

On the other hand, the completion of the shares of shares for 350 million euros announced on November 8, 2024 is scheduled today in accordance with its terms.

Balance and perspectives

The company has highlighted its Balance “increasingly solid”, with a debt/ebitda ratio of 1.1 times compared to 1.7 times in 2023. IAG's goal is to strengthen the balance further, reducing gross leverage over time.

However, IAG has said that his priority It is a sustainable ordinary dividend throughout the economic cycleas well as the Cash surplus distribution When the net debt is between 1.2 times and 1.5 times, considering future perspectives and capital commitments, including merger and acquisition opportunities.

On his perspectives, IAG has expressed confidence in offer first -order margins and benefitswhile providing that it continue The “strong customer demand”.

Also, the company estimates a Evolution of the unit costs other than fuels similar to that of 2024 (Excluded the adverse effect of the exchange rate), as well as A Free Box “Significant” while investing in the business. It also foresees a “sustainable” growth of benefit per action.