We will continue working to minimise the impact on our electricity account
It is evident that the Group’s activity was conditioned in 2021 by the evolution of the COVID-19 healthcare crisis and that we commenced 2022 with recovery forecasts thanks, to a large extent, to the relaxation of health and mobility restrictions. Now however, we are heading towards an unprecedented global moment, with an impact never seen in Europe since the II World War. Tragic and with an impact in terms of human lives and refugees. Furthermore, the invasion of Ukraine draws a picture in which many of the variables of our surroundings have been modified, especially those that affect consumption and the volatility of financial and raw materials markets, with a significant increase in inflation and energy prices.
This decision generates measures with the focus on risks which, for example, originate from high energy prices. In recent years, we have been able to safeguard the Group from volatility and contain the increases, thanks to the policies of making electricity purchases on futures markets, thereby gaining stability. For the coming years, we are going to continue working in this same regard to minimise the impact on our electricity account.