7 November 2017Spain
  • Revenues in 9M17 reached €2,116m, as a result of Tecnocom’s contribution and the acceleration in Indra’s organic growth in 3Q17 (+7%)
  • Order intake increased by +13% backed by Tecnocom’s consolidation and the positive organic evolution of Indra’s IT business (+4%)
  • EBITDA in 9M17 increased by +13% to reach €171m, and EBITDA margin stands at 8.1%, vs 7.7% in 9M16. Excluding Tecnocom’s restructuring cost, EBITDA margin would have been 8.5%
  • EBIT margin increased to 5.8% vs 5.3% in 9M16. Indra improved EBIT margin both in T&D (13.0% in 9M17 vs 12.0% in 9M16) and in IT (1.4% in 9M17 vs 0.3% in 9M16)
  • Tecnocom, which started to consolidate since April18th 2017, had an impact in sales of €167m and of €4.7m in EBIT in 9M17
  • Free Cash Flow stands at +€44m in 9M17, mainly as a result of the strong evolution in 3Q17 (+€75m) backed by the operational improvement in the period and the positive performance of the working capital in 3Q17
  • Net Debt down to €680m, vs €745m registered in 1H17. Excluding the impact from Tecnocom’s integration, Net Debt would have totaled €460m
  • Earnings Per Share up +68%
9M 2017 Results
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