Results are in line with expectations
Revenues and order intake both climb 11%
The international market is leading the company’s growth, with a revenue increase of 19%
EBIT margin rises to 11.4%
In alignment with its stated targets, Indra ended 3Q08 with net profit of euros 140.7m, an increase of 31% yoy. Revenues grew 11% to euros 1.7688bn. Order intake also grew 11%, reaching euros 1.922bn, 9% above revenues. The order book increased 8% to euros 2.3799bn. The EBIT margin rose to 11.4%, vs. 11% registered in the same period last year. Including the expenses from the integration of Azertia and Soluziona, the EBIT margin stood at 10% in this period in 2007.
Faster international growth
In 2008, Indra continued to enhance its competitive foothold in international markets, which has resulted in a 19% increase in revenue, versus 9% growth in Spain. In Europe revenues increased by 12%, in Latin America by 19%, and in regions such as Asia-Pacific, the Middle East and Africa, a powerful - 68% - in line with company targets.
Indra reinforced its competitive position in the Telecom & Media, Financial Services, Public Administrations and Healthcare markets, where the company has continued to bolster its ability to access top-tier clients and provide them with winning offers.
Meeting 2008 targets and the general environment
Current projections for the fourth quarter indicate that yet again in 2008 Indra will report higher growth and offer higher returns than both the sector average and its main peers, in addition to meeting all of the targets set for the year. Despite the poor performance of the economy in general and the IT industry in particular, Indra has strengthened its market position in 2008. This performance inspires confidence that in 2009 the company will continue to register strong growth and profitability levels that differentiate it from the sector.