Redeia Corporacion SA - Company Profile
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Redeia Corporacion SA (Redeia) carries out, generation, distribution and operation of the transmission network for the Spanish electricity system. The company's primary activities revolve around management and operation of national and international electricity infrastructure, as well as providing telecommunications services. These services cater to a wide range of industries which requires electricity infrastructure and telecommunications services. The company operates the Spanish electricity system and manages electricity and telecommunications networks, including fiber optics and satellites. Notable brands associated with Redeia include Red Electrica, Redinter, Reintel, Hispasat, and Elewit. The company services are utilized by various industries to ensure electricity supply and connectivity, promoting a sustainable energy transition. The company serves customers across multiple sectors, including energy, telecommunications, and technology. The company operates both nationally and internationally, with a particular focus on the Spanish market. REC is headquartered in Alcobendas, Madrid, Spain.
Headquarters
Spain
Address
Paseo Conde De Los Gaitanes, 177, La Moraleja, Alcobendas, Madrid, 28109
Website
www.redeia.com/es
Telephone
34 916 508500
No of Employees
2,489
Industry
Power
Ticker Symbol & Exchange
RED (MCE)
Revenue (2024)
$1.7B
-12.3%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-46.6%
(2024 vs 2023)
Market Cap*
$9.6B
Net Profit Margin (2024)
XYZ
-39.1%
(2024 vs 2023)
* As of and is in US$
Redeia Corporacion SA premium industry data and analytics
Products and Services
| Services |
|---|
| Electricity System Operation |
| Transmission Grid Management |
| Telecommunication Services |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Stake Sale | In December, Red Electrica Sistemas de Telecomunicaciones sold a 89.68% stake in Hispasat, S.A. to Indra Sistemas, S.A. |
| 2025 | Stake Sale | In November, the company sold 89.68% stake of Hispasat to Indra Group. |
| 2025 | Incorporation/Establishment | In October, Elewit, Redeia's technology platform and Arteche inaugurated Arin Technologies, a new company specializing in the development of advanced software for the electricity sector. |
Competitor Comparison
| Key Parameters | Redeia Corporacion SA | Iberdrola SA | Endesa SA | Acciona SA | Elecnor SA |
|---|---|---|---|---|---|
| Headquarters | Spain | Spain | Spain | Spain | Spain |
| City | Alcobendas | Bilbao | Madrid | Alcobendas | Madrid |
| State/Province | Madrid | Vizcaya | Madrid | Madrid | Madrid |
| No. of Employees | 2,489 | 42,208 | 9,078 | 67,847 | 28,218 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Roberto Garcia Merino | Chief Executive Officer; Director | Executive Board | 2024 | 53 |
| Beatriz Corredor Sierra | Chairwomen | Non Executive Board | 2020 | 58 |
| Emilio Cerezo Diez | Chief Financial Officer | Senior Management | - | - |
| Maria Concepcion Sanchez Perez | Chief Operating Officer | Senior Management | - | - |
| Carlos Mendez-Trelles Garcia | General Counsel; Secretary | Senior Management | 2020 | 51 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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