It plans to close the year with revenues exceeding 4,150 million euros
MADRID, 31 Oct. (EUROPA PRESS) –
The Spanish technology and defense firm Indra obtained a net profit of 146 million euros in the first nine months of the year, which represents an increase of 26% compared to the 116 million euros recorded in the same period of the previous year. according to the accounts sent this Tuesday by the company to the National Securities Market Commission (CNMV).
“The data shows that we continue to grow profitably and sustainably, at the same time that we strengthen our technological leadership. This allows us to continue with the transformation of Indra, which will have its culmination in the Strategic Plan –Leading of Future–“, said the CEO of Indra, José Vicente de los Mozos.
“I am very satisfied with the dynamics that the construction of the plan is taking, as well as with the teams’ contribution to it. We will have the opportunity to present it during the first quarter of the year (2024) and it will represent a new stage for Indra,” he added. the manager.
The company’s income in the first nine months of the year stood at 3,016 million euros, which is 12% more than the 2,694 million euros in the first three quarters of the previous year.
By divisions, the turnover of Transport and Defense reached 1,011 million euros until September, 16.8% more compared to the 865 million euros obtained in the same period of 2022 thanks to the contribution of the FCAS and Eurofighter projects. among other elements.
Also contributing to the increase in this division’s revenue was the growth in activity in the Air Traffic segment, which had a solid performance in “all geographies, especially in Spain, Belgium, Panama, the United States, India and China,” Indra pointed out.
“On the contrary, Transport sales fell by 7%, due to the decrease registered in Spain (relevant contribution from the T-Mobilitat interurban project in the same period of 2022) and AMEA (which registered a significant contribution from the Transportation Systems project). Control and Ticketing in Egypt in the first nine months of 2022), “the company added.
Meanwhile, Minsait’s turnover stood at 2,005 million euros in the period, 9.6% more compared to the 1,829 million euros recorded at the end of the first three quarters of the previous year.
Regarding this subsidiary, Indra has highlighted the “double-digit growth” of Financial Services, mainly due to the inorganic contribution of the Chilean company Nexus, specialized in payment methods, as well as the “good performance of the business” in Mexico and Spain, while the Energy and Industry part had “increases in all regions.”
“Additionally, the performance of Public Administrations and Health stood out, with growth in all regions except AMEA (due to the impact of the Elections project in Angola that took place in the same period of the previous year). If the Elections business is excluded, Sales would have increased by 20% in reported. For its part, Telecom and Media grew slightly (0.4% in local currency)”, added Indra.
On the other hand, the net operating profit (Ebit) of the Spanish company until September was 228 million euros, 11.7% more than the 204 million euros obtained in the first nine months of 2022.
Meanwhile, gross operating profit (Ebitda) stood at 305 million euros, that is, 8.15% more than the 282 million euros obtained at the end of the third quarter of the previous year.
Thus, the Ebit margin until September was 7.6% – the same level in year-on-year terms – while the Ebitda margin was 10.1%, that is, 0.4 percentage points less.
On the other hand, Indra has highlighted that its business portfolio reached “again all-time highs” in September 2023 and stood at 6,974 million euros, a growth of 17% compared to the same period of the previous year.
Specifically, the Transportation division portfolio
For its part, Minsait’s portfolio stood at 2,189 million euros and increased by 18% compared to the first nine months of 2022.
“We are aware and have internalized the disruptive changes that are coming in the field of technology and we are preparing to face this new era. We are already making key changes and betting on a strategic focus on segments of greater value and growth,” he said. the president of Indra, Marc Murtra, about the results presented.
In this context, the company’s prospects for the end of the year aim to achieve revenues of more than 4,150 million euros, an Ebit of around 325 million euros and a free cash flow of about 210 million euros.
