Indra once again registers an order book with historical figures during the first nine months of the year. The commitments of the company chaired by Marc Murtra amounted to 6,974 million between January and September, 16.6% more than in the same period in 2022, as reported to the National Securities Market Commission (CNMV). This volume of orders made Indra obtain a net profit of 146 million, 26.4% more than in the first three quarters of last year.
The growth was driven by sales of 3,016 million, 11.9% more than a year ago, in which the military area was key. Specifically, the Transportation and Defense division increased its sales by 39%, to 1,011 million, thanks to two businesses, mainly: the FCAS, the future European combat aircraft of which Indra is a 33% partner along with Germany and France; and the Eurofighter.
The technology division, Minsait, for its part, increased its revenues by 9.6%, to 2,005 million, currently being a key economic driver for Indra, present and future, according to its CEO, José Vicente de the boys.
Indra's net debt grew to 233 million, an increase motivated by the acquisition of 9.5% of ITP Aero, an operation in which Indra spent 175 million, and the purchase of Selex in the United States, which cost 45 million. The company also paid a dividend in July that subtracted 44 million from 2022 profits.
Murtra stated in a conversation with investors and analysts that the geopolitical situation, with the armed conflicts in Ukraine and the recent one in the Middle East, have been important in registering this increase in orders in the defense area. A situation to which is added the recovery of air traffic and the commitment to digital intelligence, divisions also notable for Indra. “We continue with the transformation of our company,” betting on “growth in areas of value,” he highlighted.
De los Mozos, for his part, pointed out that he continues working on the strategic plan that he will present at the end of the first quarter of next year. “Leading the future” will seek to turn Indra into a driving company with the objective of “optimizing operations,” he highlighted to the analysts. The new CEO is in favor of Minsait being the epicenter of a “technological ecosystem” and referred to this division as a key area to “lead the technological future.”
