Indra’s net profit of $ 162 million in 2008

MADRID --- Indra has matched or beaten all of its 2008 objectives which had already been revised upwards during the course of the year. The company closed 2008 with attributable net profit of EUR 182m($ 162 million)), a 23% year-on-year increase, beating the target range of 18%-22%. Revenues totalled EUR 2,380m, implying 10% growth; target growth was 9%-10%. Order intake increased to EUR 2,579m, 11% higher, also beating the target range of 9%-10%. The order book increased by 8% yoy to EUR 2,438m. The EBIT margin stood at 11.4%, vs. 11.1% registered in the same period last year, and meeting the target EBIT margin of 11.3% -11.5%. Faster international growth :. In 2008, 66% of revenues came from the domestic market and 34% from abroad. In 2008, Indra continued to enhance its competitive foothold in international markets, which resulted in a 16% increase in revenues, versus 7% growth in Spain. By region, revenues grew by 8% in Europe, 16% in Latin America and 37% elsewhere. The Solutions segment generated 74% of the company’s total revenues and the Services segment accounted for the remaining 26%, both growing by 10%. Activity was buoyant in Air Traffic, Road Traffic, Security, Financial Services and Telecommunications, all of which posted sizeable international growth. Demand in the Services segment was boosted by clients’ focus on enhancing efficiency and cutting costs, which implies a more intensive and effective use of information technology.