- 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
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