Businesses in the American countries drove the increase of Indra’s profits during last year, according to data provided yesterday by the Spanish technology and consultancy multinational.
In a statement sent to the National Securities Market Commission (CNMV), Indra indicates that in 2019 it obtained a net profit of ? 121 million, 1.3% more than the ? 120 million in 2018, affected by the higher tax rate, which went from 25% in 2018 to 29% in 2019. In fact, maintaining a tax rate of 25% would have increased net profit by over 8%.
Indra’s net order intake totalled ?3,686m last year, up 7.2% from ?3,437m in 2018, although in local currency the increase was 7.5%.
Revenues rose 3.2% in reported terms and 3.6% in local currency to 3.204 billion euros, driven by its Minsait division. The exchange rate contributed negatively with 12 million euros last year.
The value of Indra’s order book at the end of 2019 stood at a record level of 4,511 million euros, 11% more than the 3,612 million euros at the end of 2018.
By geography, the increases in revenues from the Americas (+12% in local currency; 21% of total revenues), Europe (+9% in local currency; 17% of total revenues) and Spain (+2%; 50% of total revenues) stand out. In contrast, sales fell by 9% in the AMEA region (12% of total sales) due to the Elections business. In Spain, sales in 2019 increased by 2%.
Indra’s CEO, Fernando Abril-Martorell, highlighted that 2019’s results are mainly due to the “good performance of the commercial activity”. “The data reported in 2019 shows the result of our commitment to profitable growth and constitutes a solid base to continue on this same path, as reflected in our demanding objectives for 2020”, he remarked.