- The Board is to propose the payment of a dividend of €0.66 per share chargeable to 2009 at the General Meeting of 24 June
- Revenues in the international market are up 17%, and now represent nearly 40% of total turnover
- Order intake is up 7%, outstripping revenues
- Net profit stands at €47m, up 9% after one-off charges incurred in the first quarter are discounted
Revenues have reached €643m, which represents an increase of 3% on the same period last year. This growth has been possible thanks to the strong performance of the international market, which is up 17%, setting off a 4% decline in the domestic market.
Indra has closed the first quarter of 2010 with net profit of €47m, in line with the same period last year. After allowing for one-off charges, net attributable profits are up 9%.
The EBIT margin, after discounting one-off charges, has remained firm at 10.8%.
Order intake has reached €954m and has shown a 7% increase, outstripping growth in revenues. Once again, it has been the international market that has driven growth with an increase of 16%, compared to an increase of 4% in the Spanish market.
The order backlog stands at €2,882m, up 7% on the first quarter of 2009, and equivalent to more than the revenues for the last twelve months.
International revenues represent nearly 40% of turnover
The priority attention that the company has given to the international markets has resulted in revenues from the international market increasing by 17% compared to the same period last year, and they now represent nearly 40% of total revenues, with a growth of five percentage points over the same period of 2009. By geographical areas, Latin-America stands out, with growth of 34%, as do other emerging markets, up 20%.
This strong performance has more than offset the 4% decrease in revenues from the Spanish market, where budget cuts in those sectors of a more institutional nature are beginning to bite.
Meanwhile, the growing interest of corporate clients in externalizing computer services, management of applications, and outsourcing of business processes is favouring the positive development of the Services segment, where Indra has obtained important multi-annual contracts during the quarter.
Proposed dividend of €0.66 gross per share
The Board of Directors has agreed to propose to the next Shareholders General Meeting, to be held on 24 June, the distribution of an ordinary dividend chargeable to financial year 2009 of €0.66 gross per share, up 8% on that paid chargeable to 2008. This represents a pay-out of 55%, in line with that of recent years.
MAIN FIGURES
The following table shows the main figures at the close of the period:
|
INDRA
|
1Q10 (€m)
|
1Q09 (€m)
|
Increase (%)
|
|
Order intake
|
954.0
|
888.0
|
7
|
|
Revenues
|
643.1
|
624.2
|
3
|
|
Order backlog
|
2,882.1
|
2,689.9
|
7
|
|
EBIT (before one-off charges)
|
78.5
|
75.7
|
4
|
|
EBIT margin (before one-off charges)
|
10.8%
|
10.8%
|
-
|
|
EBIT
|
64.1
|
67.3
|
(5)
|
|
EBIT margin
|
10.0%
|
10.8%
|
-
|
|
Ordinary net attributable profit
|
50.8
|
46.5
|
9
|
|
Net attributable profit
|
46.6
|
46.5
|
0
|
|
Net debt position
|
213.5
|
191.8
|
11
|
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