Revenues, EBIT and Net Profit grew again at double-digit rates in the first half of 2022. Indra’s 2022 revenues, EBIT and FCF guidance increased

Revenues in 1H22 grew +11.6% vs 1H21, and +10.0% in 2Q22 vs 2Q21, mainly bolstered by Minsait. FX impact contributed positively with €28m in 1H22 vs €-39m in 1H21.

EBIT up +22.5% year-on-year, bringing the EBIT margin to 6.8% in 1H22 vs 6.2% in 1H21, thanks to the improvement in profitability in Transport and Defence.

Net Profit reached €66m in 1H22, +19.9% higher than in 1H21.

Free Cash Flow in 1H22 was €24m vs €-50m in 1H21, bringing Net Debt/EBITDA ratio down to 0.6x compared to 2.1x in June 2021.

Backlog reached €6,044m (+12.6%), achieving a new record high, while order intake recorded +25.8% growth in 1H22 vs 1H21.

Indra upgraded its 2022 guidance in Revenues to more than €3,600m in local currency, reported EBIT to more than €280m and FCF to more than €175m.