Indra posted double-digit growth in all items of its income statement, with 1Q22 EBIT growing +54% and +76% in net profit growth

Revenues in 1Q22 grew +13.3% vs 1Q21. Minsait revenues went up +17.3% while Transport and Defence registered +6.0% growth

EBIT up +54% year-on-year, bringing the EBIT margin to 7.0% in 1Q22 vs 5.2% in 1Q21, with both divisions improving their margins

Net Profit reached €39m in 1Q22, +76% higher than in 1Q21

Free Cash Flow in 1Q22 was €13m vs €-17m in 1Q21, bringing Net Debt/EBITDA ratio down to 0.7x compared to 2.4x in March 2021

Backlog reached €6bn (+13%), achieving a new record high, while order intake recorded +43.5% growth in 1Q22 vs 1Q21

The company reiterates its 2022 targets