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Indra achieves a historic profit of 172 million and raises the dividend by 67%

Date: December 3, 2023 Time: 06:47:04

Last year, Indra had a historical net profit of 172 million euros in 2022, which represents an increase of 20% compared to the previous year, which has allowed it to increase the dividend to 0.25 euros, compared to 0. 15 of the previous year.

The company has increased revenue by 14%, to 3,851 million euros, increased by the growth of both Minsait, which has billed 18% more, and Defense, which has reached its business volume by 6%, according to the results presented this Thursday before the National Securities Market Commission (CNMV) and collected by Europa Press.

The technology company has registered a gross operating profit (Ebitda) of 400 million euros, 14.3% more, while the operating profit (Ebit) has reached 300 million euros, the group’s all-time high. In addition, the contracting portfolio has also reached its record with 6,309 million euros, which implies a growth of almost 16% in the last 12 months.

Indra has closed the year with 56,735 employees, 8.9% more than at the end of 2021. Of these, more than 30,000 are in Spain, where the workforce has been adjusted to more than 1,900 people. Indra’s CEO, Ignacio Mataix, has described the year as “historic” due to the maximum portfolio and billing and the double-digit growth of most items.

In addition, he highlighted the “outstanding” commercial performance of the group and the signing of the Future European Combat Air System (FCAS) program. “These excellent results, together with the solidity of our balance sheet, the quality and volume of our portfolio and the great team of professionals we have, constitute an unbeatable starting point to face future strategic decisions and our growth in the coming years. “, he pointed out.

By divisions, Transport and Defense has invoiced 1,335 million euros in the year, after accelerating 9% in the last quarter, and has contributed an Ebitda of 200 million euros, 10.3% more. The firm has also raised its operating margin by 0.9 points to close to 13%. For its part, Minsait has entered 2,517 million euros, 18% more in reported terms, for a total Ebitda of 201 million euros. The division’s margin stood at 7.3%, one more point.


After recovering the dividend last year, Indra will once again remunerate the shareholder, this time with 0.25 euros, 67% more than the previous year. The company will make the payment to the title holders on July 12. Likewise, the high generation of cash has reduced the net debt to 43 million euros, 82% less.

The company has presented a guide to the market in which it expects to overcome the barrier of 4,000 million euros in revenue, with a reported operating profit of more than 315 million euros and a reported free cash flow of over 200 million. euro

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Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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