The Diplomat
Indra has registered a net profit of 90 million euros in the first half of the year, 35.3% more than the 66 million euros in the same period of the previous year, according to the company’s results report presented yesterday before the Commission National Stock Market (CNMV).
The income of the Spanish technology and defense firm in the accumulated of the first six months of the year has been located at 2,012 million euros, which is 11.46% more than the 1,805 million euros of the first half of the year former.
In this sense, the income of Minsait -the group’s technology subsidiary- in the period has been 1,349 million euros (+11.3% in interannual terms), while those from the Transport and Defense business stood at 663 million euros (+11.8%).
Indra registered a gross operating profit (Ebitda) of 189 million euros (+8.3%), while the net operating profit (Ebit) was 139 million euros (+12.8%). Thus, the company’s Ebitda margin in the first half was 9.4%, compared to 9.6% in the same period of 2022, while the Ebit margin stood at 6.9% (6.8 % in June of last year), informs Europa Press.
Likewise, the firm’s order book has once again established a historical record by increasing by 12.82% and reaching 6,819 million euros, compared to 6,044 million euros in the same period last year.
“These very positive results are a reflection of the strength and commitment of all the teams that make up Indra. I would like to highlight in these data the commercial performance and its corresponding growth in contracting and the acceleration in the growth of turnover and operating result”, highlighted the CEO of Indra, José Vicente de los Mozos.
In this context, the company has announced an improvement in its forecasts for the end of the year and, specifically, forecasts revenue of more than 4,150 million euros, compared to previous estimates of 4,000 million euros. In other words, it improves the forecast by almost 4%.
Likewise, it expects to close the course with a reported Ebit of more than 325 million euros, compared to the previous forecast of 315 million euros, for which the company improves its estimate by 3.17%.
On the other hand, it plans to close the year with a reported free cash flow of more than 210 million euros, when its previous forecasts stood at 200 million euros, that is, it has improved them by 5%.
