Indra has earned 143 million euros in 2021, which contrasts with the losses of the previous year, and exceeds the figures for 2019, before the pandemic, by 18%.
The company published its financial results this Wednesday, which present record revenues of 3,390 million euros, a growth of 11.4% in reported termswith Spain as the main market with 1,719 million euros in revenue, 8.7% more than in 2020.
Likewise, the gross operating profit (Ebitda) has been 349 million euros, 351% more than in 2020, with a margin of 10.3%, which represents an increase of 7.8 points compared to the previous year.
The company has ended the year with a record portfolio, with projects worth 5,459 million euros, an increase of 4.4% year-on-year, although net contracting in the last year has decreased by 3.7% to 3,714 million euros.
The Spanish technology company has recovered from the impact of the coronavirus with an exercise in which he has twice raised his ‘guidance’.
In addition, it has more than halved its net debt, which ends the course at 240 million euros, a ratio of 0.8 times EBITDA, while cash flow has increased to 289 million euros.
The company will resume the dividend in July with a payment of 0.15 euros per share.
“A Historic Year”
The CEOs of the firm, Cristina Ruiz and Ignacio Mataix, have assured that it is “a historic year” for the multiple magnitudes that have ended the year in record figures for the company.
Likewise, they have highlighted that the company is in a “very positive” commercial moment, with a great demand in “all its businesses”, based on the expected economic recovery in the main geographies where the group operates.
In 2021, the firm hired more than 3,000 people (2,046 in America and 938 in Spain). In total, the group has 52,084 employees, of which 28,414 work in Spain and 18,140 in America, the two main geographies of the firm in terms of employment.
More SEPI in your capital
The State Society for Industrial Participations (SEPI) announced last Tuesday its intention to increase its stake by almost 10% to 28% in the company, consolidating itself as a reference shareholder.
In its results presentation statement, the technology company qualifies this action as “a show of support for the company in all its businesses and its corporate governance.”
Looking ahead to 2022, the company has provided ‘guidance’ with revenue growth in local currency to exceed 3,550 million euros, a reported Ebit of over 270 million euros and a free cash flow that has exceeded 170 million of euros.
transportation and defense
The Transport and Defense division has increased its income by 12.3%, to 1,257 million euros, with an Ebitda of 181 million euros, practically double that of the previous year.
In addition, this division has recorded improvements in operating margin and Ebit of 52.3% to 150 million euros and 167.9% to 147 million euros.
The portfolio of the Transport and Defense division has grown by 6%, to 3,859 million euros, although net contracting has fallen by 15.1% in 2021 due to the comparison with 2020, when large European projects such as the Eurofighter radar.
For its part, Minsait has increased its income by 10.9%, totaling 2,133 million euros, with an Ebitda of 168 million euros, thanks to the 25% growth in billing in the vertical of public administrations and health.
The digital solutions subsidiary has kept its margins stable, while it has a portfolio of 1,600 million euros with rising net contracts, closing deals for a value 6% higher than the previous year.
In the case of Minsait, the Energy and Industry vertical has been the one that has experienced the greatest growth in this field, with 22% in local currency, driven by the boost in Industry in Spain and in Energy in Italy, although the Public administration and health and financial services businesses have also rebounded.
