Indra’s revenues fell -5.9% (-9.8% in 3t20) and net profit stood at €-31m€, despite the fact that order intake and backlog grew +11.4% and +17.6%, respectively, in 9M20

Backlog grew +17.6% in 9M20 vs 9M19 and reached another new historic absolute high (€5,150m), implying 1.68x backlog/revenues LTM

Order intake (+11.4% in local currency vs 9M19) accelerates its growth in the third quarter, pushed by Transport & Defence

Revenues fell -2.7% in local currency (-5.9% in reported terms) in 9M20. Revenues in the third quarter decreased -5.0% in local currency (-9.8% in reported terms) affected by the structural changes in the businesses

Operating Margin amounted to €87m in 9M20 (4.1% margin) vs €162m in 9M19 (7.1% margin) affected by the lower activity and the delays. Operating Margin in the third quarter slightly improved and stood at 6.6% backed by the efficiency measures announced in July

9M20 reported EBIT reached €-9m vs €127m in 9M19, affected by the delays and lower activity, the impairments of intangible assets (€-95m) that took place in the second quarter and the capital gain of Metrocall (€36m) in the third quarter. Excluding the impairments and the capital gain, EBIT in the 9M20 would have been €50m

Cash generation in 3Q20 was €51m including the disposal of Metrocall (free cash flow of €14m vs €-1m in 3Q19). Net Debt / EBITDA LTM ratio (excluding the impact of IFRS 16 and the impairments of intangible assets and the capital gain of Metrocall) stood at 2.8x in 9M20 vs 2.4x in 9M19

Indra continued to strengthen its solid liquidity position, and has more than €1,250m between cash and available lines as of September 30, 2020