Indra increases its net result by 11.1%, with a backlog of 6,772 billion euros and growth in all income statement items

1Q23 Backlog reached a new all-time high, €6,772m (+13.1% vs 1Q22), while Order Intake up +4.2% vs 1Q22, bolstered again by Transport & Defence.

Revenues up +7.7% in 1Q23 vs 1Q22, standing out the strong growth showed in Minsait (+13.4%) and Air Traffic (+18.0%).

1Q23 EBIT grew +8.4%, thanks to the improvement of the Operating Margin in Transport & Defence.

Basic earnings per share (EPS) increased +11.1% in 1Q23 compared to 1Q22.

Free Cash Flow in 1Q23 was €27m vs €13m in 1Q22, bringing Net Debt/EBITDA ratio down to 0.1x compared to 0.7x in March 2022.