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  • Backlog grew +17.6 per cent in 9M20 vs 9M19 and reached another new historic absolute high (€5,150m), implying 1.68x backlog/revenues LTM.
  • Order intake (+11.4 per cent in local currency vs 9M19) accelerates its growth in the third quarter, pushed by Transport and Defence.
  • Revenues fell -2.7 per cent in local currency (-5.9% in reported terms) in 9M20. Revenues in the third quarter decreased -5.0 per cent in local currency (-9.8 per cent in reported terms) affected by the structural changes in the businesses.
  • Operating Margin amounted to €87m in 9M20 (4.1 per cent margin) vs €162m in 9M19 (7.1 per cent margin) affected by the lower activity and the delays. Operating Margin in the third quarter slightly improved and stood at 6.6 per cent backed by the efficiency measures announced in July.
  • 9M20 reported EBIT reached €-9m vs €127m in 9M19, affected by the delays and lower activity, the impairments of intangible assets (€-95m) that took place in the second quarter and the capital gain of Metrocall (€36m) in the third quarter. Excluding the impairments and the capital gain, EBIT in the 9M20 would have been €50m.
  • Cash generation in 3Q20 was €51m including the disposal of Metrocall (free cash flow of €14m vs €-1m in 3Q19). Net Debt / EBITDA LTM ratio (excluding the impact of IFRS 16 and the impairments of intangible assets and the capital gain of Metrocall) stood at 2.8x in 9M20 vs 2.4x in 9M19
  • Indra continued to strengthen its solid liquidity position, and has more than €1,250m between cash and available lines as of 30 September 2020.

Read the full results on Indra’s Website.