Large listed companies have increased their net debt by 3.7%, something that has not happened since March 2021, due to the rise of Cellnex, Endesa, Gamesa, Telefónica and Iberdrola.

The non-financial companies on the Ibex have significantly increased their net debt in March compared to the past year, something that has not happened since March 2021, due to purchases, investments, dividends and the need for financing to reinforce the

5