indra

In Europe 12th December 2024

Indra, one of two finalists in tender for Transport for London’s payment system, valued at around €1.8 billion

Link Securities | The Spanish technology group is bidding for London’s public transport payment system, valued at £1.5 billion (around €1.8 billion), an amount that does not include VAT of 20%, Expansión newspaper reports today. Indra is one of the two finalists in the bidding process carried out by the public body Transport for London (TfL) for the so-called Proteus Contract. Its rival is Cubic Transportation Systems, the US firm…

In the World 14th November 2024

Indra awarded contract with Vietnam’s air navigation service provider

Link Securities | Indra (IDR) has been awarded a contract with Vietnam’s air navigation service provider, VATM (Vietnam Air Traffic Management Corporation), to renew a large part of the country’s air traffic management systems. Based at the Ho Chi Minh City control centre, the company will implement its ManagAir automation solution, one of the most advanced and widely used in control centres and airports around the world, according to the…

In Spain 3rd November 2024

Indra exceeds expectations and reports net profit of €70m (+24%) in 3Q24 with financial results of €9.6m and tax rate of -29%

Renta 4 : Results have met our revenue guidance (+2% vs R4e) and have largely outperformed at operating and net level: Ordinary revenues €1. 096m (in line vs R4e, +2% vs consensus and +9% vs Q3 23), EBIT, main magnitude, €111m (+12% vs R4e, +10% vs consensus, +25% vs Q3 23), EBITDA €140m (vs €114m R4e and +20% vs Q3 23) and net profit €70m (+9% vs R4e, +8% vs…

Spanish economy 9th October 2024

Indra begins process of selling Minsait Payments separately from parent company, with value of €500-600 million

Intermoney | Indra informed the National Securities Market Commission (CNMV) yesterday, with the market closed, that the board of directors had approved the formal process of selling Minsait Payments separately from its parent company, having detected a high level of interest in ķthe market for the means of payment business. According to several media reports, the value of the subsidiary could be in the region of €500-600 million. This would…

Spanish economy 9th September 2024

Redeia’s possible transfer of Hispasat satellites to Indra could be largest operation of listed companies State has a stake in

Link Securities | The possible transfer of the Spanish satellite group Hispasat to Indra (IDR) by Redeia (RED) could become the largest transaction so far carried out by state-owned companies, which in turn are listed on the stock exchange, according to Expansión newspaper on Monday. This means that, according to legislation (Ley de Sociedades de Capital and other regulations), it could be considered a related-party transaction. This opens the door…

Companies, Ibex 8th August 2024

Indra buys space subsidiary Deimos from Elecnor for around €20-25 million

Intermoney | Indra (IDR) has acquired the Deimos company from Elecnor, a subsidiary specialised in the development of space missions and satellite integration, according to several media. It has subsidiaries in the UK, Portugal, Italy and Romania. The price has not been made public, but could be in the region of €20-25 million, according to the press. Deimos has a strong position with space institutions, participating in national and European…

World economy 9th July 2024

Indra to supply Surface Awareness Iniative systems for US Federal Aviation Administration

Alphavalue/DIVACONS | The Spanish IT services and consulting company will supply Surface Awareness Iniative (SAI) systems for the Federal Aviation Administration (FAA) of the United States, the civil aviation authority that manages the country’s air traffic. The FAA approved Indra’s SAI solution, called AeroBOSS, which allows the company to provide its technology for surveillance and monitoring of aircraft on the surface, as well as to reduce the risk of runway…

Spanish economy 21st June 2024

CVC Capital Partners, new candidate to buy Indra technology subsidiary Minsait for €1.8 billion

Link Securities | CVC Capital Partners has joined Apax and Bain Capital as a candidate to buy Minsait, Indra’s technology subsidiary, which together could be worth up to €1.8 billion, as reported yesterday by ElConfidencial.com. Cinven has already shown its interest in acquiring the payment media division, a deal that could be worth between €600 and €700 million. According to these sources, these international private equity firms have already officially…

Spanish economy 24th May 2024

Indra finalises decision to sell stake in Minsait and hires Citi and AZ Capital to manage process

Renta 4 | According to press reports, Indra has hired Citi and AZ Capital for the Minsait sale process. The valuation of the investment banks carried out in the last weeks presents a very wide range, between €1.3 and €2.1 billion. The management announced at the Investor Day on 6 March its intention to sell a minority or majority stake in its technology subsidiary. The objective is to start the…

Spanish economy 8th May 2024

Indra rises 8.8% after posting solid Q1 results and projecting Ebit of €400m for full year

Singular Bank | The Spanish Defence and Technology Consulting company rallied 8.8% today after posting solid 1Q results and projecting Ebit of €400m for the full year, in line with strategic plan forecasts. Net order intake grew 12% year-on-year and backlog reached a new record high of €7.2 billion, bringing the backlog-to-sales ratio to 1.58x. Revenues increased 22%, with double digit growth in the Defence (56%), Mobility (19%) and Minsait…

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