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  • NEWS Desk Global

SPAIN'S INDRA SEES REVENUE, PROFIT SOARING ON EUROPEAN DEFENCE SPENDING




Indra, a Spanish defense and technology firm, anticipates a surge in defense spending across Europe, which it believes will drive revenue and profitability growth over the next six years. The company projects that its earnings before interest, taxes, depreciation, and amortization (EBITDA) will surpass 750 million euros ($814 million) by 2026, up from 446 million euros in 2023. This growth will be supported by an increase in revenue from 4.34 billion euros last year to 6 billion euros by 2023 and further to 10 billion euros by 2030.

Indra attributes this optimistic outlook to heightened defense expenditure by European nations aimed at modernizing defense systems. Additionally, the company sees opportunities for growth in the digitalization trend, driven by advancements in artificial intelligence, cloud computing, and cybersecurity. To capitalize on these opportunities, Indra plans to expand its presence in the European military sector, competing with established players such as Thales from France and Leonardo from Italy. Furthermore, Indra intends to establish a new space company and integrate its mobility business into its technology unit, Minsait, in collaboration with strategic partners. Indra's Chief Executive, Jose Vicente De los Mozos, outlined these strategic initiatives while presenting the company's roadmap to 2030.

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