{"id":43847,"date":"2018-03-16T00:00:00","date_gmt":"2018-03-15T23:00:00","guid":{"rendered":"https:\/\/techma.bakertilly.es\/desnudamos-financieramente-a-indra\/"},"modified":"2025-03-12T11:45:33","modified_gmt":"2025-03-12T10:45:33","slug":"desnudamos-financieramente-a-indra","status":"publish","type":"post","link":"https:\/\/techma.bakertilly.es\/en\/desnudamos-financieramente-a-indra\/","title":{"rendered":"Financially undressing... Indra"},"content":{"rendered":"<p>We analyse the main financial variables of the 2017 financial year for the Spanish multinational Indra, one of the leading global technology and consulting companies. We also take a look at the main financial <a href=\"https:\/\/techma.bakertilly.es\/en\/merger-and-acquisition-m-a\/\" target=\"_blank\">mergers and acquisitions<\/a> it has carried out in recent years.<\/p>\n<p>\nWe analyse the main financial variables of the 2017 financial year for the Spanish multinational Indra, one of the leading global technology and consulting companies. We also take a look at the main financial <a href=\"https:\/\/techma.bakertilly.es\/en\/merger-and-acquisition-m-a\/\" target=\"_blank\">mergers and acquisitions<\/a> it has carried out in recent years.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Sobre_Indra\"><\/span>About Indra<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/www.indracompany.com\/es\/\" target=\"_blank\" rel=\"noopener noreferrer\">Indra<\/a> is a leading global technology and consulting company, the world's leading provider of proprietary solutions in specific segments of the Transport and Defence markets, and the leading Information Technology company in Spain and Latin America.<\/p>\n<p>Specifically, the Spanish multinational is a world leader in the development of integral technological solutions in the following fields:<\/p>\n<ul>\n<li>Defence and Security.<\/li>\n<li>Transport and Traffic.<\/li>\n<li>Energy and Industry.<\/li>\n<li>Telecommunications and Media.<\/li>\n<li>Financial services.<\/li>\n<li>Public administrations.<\/li>\n<li>Health.<\/li>\n<li>Digital Transformation, through its Minsait unit.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Distribucion_de_los_ingresos_de_Indra_por_mercados_verticales\"><\/span>Indra's revenue distribution by vertical markets<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h2><span class=\"ez-toc-section\" id=\"Analisis_Corporate_Finance_de_Indra\"><\/span>Indra Corporate Finance Analysis<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n\n<table id=\"tablepress-76\" class=\"tablepress tablepress-id-76\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Company<\/th><th class=\"column-2\">Description<\/th><th class=\"column-3\">Country<\/th><th class=\"column-4\">Amount<\/th><th class=\"column-5\">Date<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\"><a href=\"http:\/\/area9learning.com\/\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>Area9<\/strong><\/a><\/td><td class=\"column-2\">Area9 is the adaptive learning engine behind the new LearnSmart product range, McGraw-Hill's adaptive learning system.<\/td><td class=\"column-3\">Denmark<\/td><td class=\"column-4\">DKK190M<\/td><td class=\"column-5\">Jan 2018<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\"><a href=\"http:\/\/kano.me\/\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>Kano Computing<\/strong><\/a><\/td><td class=\"column-2\">Kano enables users of all ages to create, learn and play with computing, with its kit system and open source platform.<\/td><td class=\"column-3\">United Kingdom<\/td><td class=\"column-4\">$28M<\/td><td class=\"column-5\">Nov 2017<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\"><a href=\"http:\/\/brainly.co\/\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>Brainly<\/strong><\/a><\/td><td class=\"column-2\">Brainly is an online e-learning and social education platform that allows its users to help each other with school work problems.<\/td><td class=\"column-3\">Poland<\/td><td class=\"column-4\">$14M<\/td><td class=\"column-5\">Oct 2017<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.ornikar.com\/\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>Ornikar<\/strong><\/a><\/td><td class=\"column-2\">Ornikar is the first French online driving school.<\/td><td class=\"column-3\">France<\/td><td class=\"column-4\">\u20ac10M<\/td><td class=\"column-5\">Mar 2018<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\"><a href=\"http:\/\/smartup.io\/\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>SmartUp.io<\/strong><\/a><\/td><td class=\"column-2\">SmartUp.io is a user-to-user microlearning platform for companies and startups.<\/td><td class=\"column-3\">United Kingdom<\/td><td class=\"column-4\">$5,5M<\/td><td class=\"column-5\">Feb 2017<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-76 from cache -->\n<p>&nbsp;<\/p>\n\n<table id=\"tablepress-77\" class=\"tablepress tablepress-id-77\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Company<\/th><th class=\"column-2\">Description<\/th><th class=\"column-3\">Country<\/th><th class=\"column-4\">Amount<\/th><th class=\"column-5\">Date<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\"><a href=\"http:\/\/www.babylonhealth.com\/\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>Babylon Health<\/strong><\/a><\/td><td class=\"column-2\">Babylon Health offers an accessible and affordable health service in the hands of people all over the world.<\/td><td class=\"column-3\">United Kingdom<\/td><td class=\"column-4\">$60M<\/td><td class=\"column-5\">Apr 2017<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.pharmacy2u.co.uk\/\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>Pharmacy2U<\/strong><\/a><\/td><td class=\"column-2\">Pharmacy2U is the UK's leading online pharmacy, which also provides a confidential online private doctor service.<\/td><td class=\"column-3\">United Kingdom<\/td><td class=\"column-4\">\u00a340M<\/td><td class=\"column-5\">Mar 2018<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\"><a href=\"https:\/\/ada.com\/\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>Ada Health<\/strong><\/a><\/td><td class=\"column-2\">Ada Health offers a new approach to personalised health, backed by sophisticated artificial intelligence technology.<\/td><td class=\"column-3\">Germany<\/td><td class=\"column-4\">\u20ac40M<\/td><td class=\"column-5\">Oct 2017<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\"><a href=\"http:\/\/www.medopad.com\/\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>Medopad<\/strong><\/a><\/td><td class=\"column-2\">Medopad is a British healthcare technology company that offers personalised online care.<\/td><td class=\"column-3\">United Kingdom<\/td><td class=\"column-4\">$28M<\/td><td class=\"column-5\">Feb 2018<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.pushdoctor.co.uk\/\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>Push Doctor<\/strong><\/a><\/td><td class=\"column-2\">Push Doctor is Europe's largest digital health brand: it allows you to make a personalised consultation with a doctor in 6 minutes.<\/td><td class=\"column-3\">United Kingdom<\/td><td class=\"column-4\">$5,5M<\/td><td class=\"column-5\">Jul 2017<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-77 from cache -->\n<p>&nbsp;<\/p>\n<p>The Spanish multinational's revenue, EBIT and net profit grew by 11%, 21% and 62% respectively in 2017, thanks to the contribution of Tecnocom following its acquisition and Indra's organic growth in the year.<\/p>\n<p>Indra ex Tecnocom's revenues, EBIT and net profit also increased in 2017: by 2%, 23% and 88% respectively, due to the contribution of Public Administrations &amp; Healthcare (due to the Elections business), Energy &amp; Industry (due to better dynamics in the Oil &amp; Gas sector), as well as the Air Traffic (ATM) business.<\/p>\n<p>Moreover, EBITDA in 2017 grew by 16% year-on-year to \u20ac266M. The EBITDA margin stood at 8.8% in 2017 (9.4% excluding Tecnocom restructuring costs), slightly higher than the 8.5% of the previous year.<\/p>\n<p>Net debt decreased to \u20ac588M, compared to \u20ac680M in September 2017, mainly as a result of the <a href=\"https:\/\/techma.bakertilly.es\/en\/merger-and-acquisition-m-a\/\" target=\"_blank\">mergers and acquisitions<\/a> of Tecnocom, Paradigma and GTA (\u20ac248M) and the consolidation of its debt (\u20ac10M). The level of leverage rose to 2.2x in the first quarter of 2008.<br \/>\nEBITDA of the last 12 months, more than offsetting the impact of the <a href=\"https:\/\/techma.bakertilly.es\/en\/merger-and-acquisition-m-a\/\" target=\"_blank\">mergers and acquisitions<\/a> for the year. Excluding the integration of the acquired companies, net debt would have been reduced to \u20ac309m and operating leverage to 1.2x (2.3x in December 2016).<\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ultimas_fusiones_y_adquisiciones_de_Indra\"><\/span>Latest <a href=\"https:\/\/techma.bakertilly.es\/en\/merger-and-acquisition-m-a\/\" target=\"_blank\">mergers and acquisitions<\/a> of Indra<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n\n<table id=\"tablepress-78\" class=\"tablepress tablepress-id-78\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">PROGRAMME<\/th><th class=\"column-2\"><strong>INNOGLOBAL 2018<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">PUBLIC BODY<\/td><td class=\"column-2\"><strong>CDTI<\/strong>.<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">BENEFICIARIES<\/td><td class=\"column-2\">Spanish companies.<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">PURPOSE OF THE PROGRAMME<\/td><td class=\"column-2\">Aid for international market-oriented business projects presented by a single Spanish company within an international consortium. These projects may include both industrial research and experimental development activities.<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">CHARACTERISTICS OF THE AID<\/td><td class=\"column-2\">- Duration: The duration of these projects may be from 12 to 36 months, starting in 2018.<br \/>\n- Budget: The minimum eligible budget is \u20ac150,000.<br \/>\n- Typology: Individual R&amp;D projects.<br \/>\n- Legal nature: Grant.<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">TYPES OF AID<\/td><td class=\"column-2\">The maximum grant amount per project is \u20ac400,000, with the following limits:<br \/>\n    - For small enterprises, up to 50% of the approved bankable budget.<br \/>\n    - For medium-sized enterprises, up to 40% of the approved bankable budget.<br \/>\n    - For large companies, up to 30% of the approved bankable budget.<br \/>\n<br \/>\nReceipt of aid will be incompatible with any other grant or aid for the same project.<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">DEADLINE<\/td><td class=\"column-2\"><strong>NEXT OPENING<br \/>\n<\/strong> - The call will be open from 7 May to 5 June 2018.<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">INFORMATION<\/td><td class=\"column-2\"><strong>+34 946 42 41 42<\/strong><br \/>\n<br \/>\n<a href=\"mailto:advisory@bakertilly.es\" rel=\"noopener noreferrer\" target=\"_blank\">advisory@bakertilly.es<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-78 from cache -->","protected":false},"excerpt":{"rendered":"<p>We analyse the main financial variables of the 2017 financial year for the Spanish multinational Indra, one of the leading global technology and consulting companies. We also take a look at the main acquisitions it has made in recent years.<\/p>","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1750],"tags":[1207,155,153,729,334,747],"sectores":[],"tipo-contenido":[2260],"class_list":["post-43847","post","type-post","status-publish","format-standard","hentry","category-financiacion-sectorial","tag-analisis-financiero-indra","tag-corporate-finance-spain","tag-global-corporate-finance","tag-indra","tag-ma-espana","tag-ma-it","tipo-contenido-noticias"],"acf":[],"_links":{"self":[{"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/posts\/43847","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/comments?post=43847"}],"version-history":[{"count":0,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/posts\/43847\/revisions"}],"wp:attachment":[{"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/media?parent=43847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/categories?post=43847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/tags?post=43847"},{"taxonomy":"sectores","embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/sectores?post=43847"},{"taxonomy":"tipo-contenido","embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/tipo-contenido?post=43847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}