Indra Sistemas SA
IDR
ISIN ES0118594417 / Valor 1136946
Indra Sistemas SA
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About company
Indra Sistemas SA is a prominent global technology and consulting firm, with a significant footprint in the aerospace, defense, and mobility sectors, where it is recognized for its engineering technology prowess. The company also plays a crucial role in spearheading digital transformation and information technology services in Spain and Latin America through its affiliate, Minsait. Indra distinguishes itself by offering a comprehensive suite of proprietary products that span a wide range of applications, emphasizing end-to-end solutions and innovation. Its business model is designed to support the digitalization and core operational needs of its clients across the globe. In the financial year 2023, Indra reported revenues of €4.343 billion, underscoring its substantial impact on the industry. The company boasts a workforce of over 57,000 employees and maintains a local presence in 46 countries, with its business operations extending to more than 140 countries, highlighting its expansive global reach and influence in the technology and consulting sectors.
Summarized from source with an LLMView SourceSector: TechnologyLatest Results (25.02.2026):
Indra Sistemas SA — 1Q 2025: The group reported revenue growth (+4% y/y), stronger operating profitability and improved cash generation in the first quarter of 2025, while backlog and order intake increased at double‑digit rates. Key numbers: revenues up, EBITDA +7% to €125m, EBIT +6% to €95m, net profit €59m, free cash flow €77m and a positive net cash position of €129m. The company reiterates its 2025 financial targets.
Revenues & margins
1Q25 revenues €1,164.4m (+4% vs 1Q24). EBITDA €125m (10.7% margin, +7% y/y). EBIT €95m (8.2% margin, +6% y/y). Net profit €59m (-3% y/y) mainly due to higher financial costs and taxes. FX had a ~€‑13m negative impact.
Orders, backlog & book‑to‑bill
Order intake +17% in 1Q25. Backlog €8,003m (+11% y/y). Book‑to‑bill 1.57x (vs 1.41x a year ago). Backlog/Revenues LTM = 1.64x.
Defence
Defence revenues +18% y/y (organic +15%). Order intake +27%, driven by radar contracts in Germany and naval (F110) activity; EBITDA margin ~18.4%, EBIT margin ~15.4%. Management expects Defence order intake to double by 2025 vs 2024.
Minsait (IT & consulting)
Minsait revenues +1% reported (+7% excluding Elections business and FX). Order intake +4%. Operating margin ~7.0%; EBIT margin 5.6%. Digital & Solutions grew ~+7%, Outsourcing down ~‑4%.
ATM & Mobility
ATM revenues +2% and order intake +40% (notably UK radars). ATM EBIT margin ~13.2%. Mobility revenues roughly stable; order intake +73% driven by projects in Ireland and Colombia; Mobility EBITDA margin improved to 7.0%.
Cash flow & balance sheet
Free Cash Flow €77m (1Q25) vs €68m (1Q24). Cash & cash equivalents €728.8m; gross financial debt €652.0m; reported net cash €129m at March 2025 (vs net debt €89m in Mar‑24). Net Debt/EBITDA LTM ≈ ‑0.2x (ex‑IFRS16).
Corporate actions & capital allocation
Acquisitions contributed €29m to 1Q25 sales. Agreement announced to acquire 89.68% of Hispasat for €725m (subject to approvals). Share repurchase programme bought 235,000 shares. Board proposed €0.25 cash dividend per share payable 10 July 2025.
Outlook
Indra reiterates 2025 targets (excludes TESS Defence and Hispasat): revenues (constant currency) > €5,200m; reported EBIT > €490m; reported Free Cash Flow > €300m.
Workforce
Total headcount 60,598 at end‑March 2025, up ~5% y/y (main increases in Spain and Americas).
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
9105 M
Market cap (USD)
1,313,687
Daily traded volume (Shares)
17.09 / 16.78
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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