Indra closed 2023 earning 20% ??more, to 206 million, due, essentially, to the increase in revenue from its defense division (transport and defense is the name), which grew 18%, to 1.5 billion. These magnitudes allow the company chaired by Marc Murtra and directed by José Vicente de los Mozos to once again announce a dividend of 0.25 euros per share, which will mainly benefit the Sociedad Estado de Participaciones Industriales (SEPI), the majority shareholder. with 28% of the titles.
While waiting to know the strategic plan that will be revealed on Thursday, Indra obtained orders for 6,776 million last year, 7% more than in 2022. Most of them were for the transportation and defense division, with 4,627 million in orders, 1% than a year before. This slight gross growth is mainly due to the fact that in the previous year, phase 1B of the FCAS project, the future European combat aircraft, was signed, which increased the company’s order section by 575 million. In 2023, the joint project between Spain, Germany and France meant orders worth 39 million for Indra.
Minsait, the technological area, deserves special mention. Its order book increased by 25% last year to 2,149 million and hiring grew by 19%. Indra highlights the “strong demand from customers and with all verticals presenting double-digit growth.” The group highlights that Minsait’s results were boosted “by the award of large strategic projects derived from European funds.”
While waiting to know the future of Minsait, the income of this division increased by 11%, to 2,767 million, above those of the transportation and defense area, which were 1,576 million. The technology area continues, therefore, to be the most important in terms of income for Indra, although its growth last year was lower than that of the transportation and defense area.
Indra’s ebitda rose to 446 million in 2023, compared to 400 million in 2022. Last year, Indra also faced “staff restructuring costs” that subtracted 26 million from the income statement. However, the final workforce at the end of December 2023 was made up of 57,755 employees, which represented an increase of 2% or 1,020 more employees, with the increase concentrated mainly in Spain.
Indra increased its net debt in 2023 to 107 million, 150% more than in 2022, due to some acquisitions and the payment of last year’s dividend.
Looking ahead to 2024, Indra announces its intention to achieve revenues in local currency of more than 4,650 million (in 2023 they were 4,343 million) and a reported EBIT of more than 400 million (compared to 347 million last year).
The president of Indra, Marc Murtra, assures that “these results are the fruit of the great work and effort that has been carried out” in the company. “During 2023, the defense and technology fields have continued to grow and we have made a significant effort to continuously improve the work we do for our clients. “We believe we have a great starting point for our new strategic plan,” he adds.
José Vicente de los Mozos, CEO of Indra, considers, for his part, that “these results demonstrate the strong situation of the company, which will allow us to establish a solid foundation for our strategic plan, Leading The Future, which will be “the beginning of a future of constant growth for Indra.”
