Indra posted net profit of 70 million of Euros in 2016

It?s worth highlighting the strong cash generation (?+184m) thanks to the improvement in operating activity and net working capital. 4Q16 FCF amounted to ?140m.

Order Intake grew again in 4Q16 and increased +6% in 2016, a year in which every quarter of 2016 showed growth. 2016 Order Intake in the IT business increased by +12%.

2016 revenues totaled ?2,709m and decreased -3%. America recorded growth in 4Q16 (+1%), which compares to a decline of -20% 9M16.

EBITDA grew to reach ?229m vs. ?131m in 2015, with an EBITDA margin expansion throughout the year to 8.5% vs. 4.6% in 2015. EBIT margin reached 6.0%, improving substantially versus 1.6% of 2015, due to higher Direct Margins in ongoing projects, efficiency plans put in place and fewer problematic projects.

Net Debt was reduced by -25% vs. December 2015, to ?523m.