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We financially stripped... Indra


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Integral service around a transaction
BY : Diego GutiérrezMarch Fri, 2018

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.

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.

About Indra

Indra 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.

Specifically, the Spanish multinational is a world leader in the development of integral technological solutions in the following fields:

  • Defence and Security.
  • Transport and Traffic.
  • Energy and Industry.
  • Telecommunications and Media.
  • Financial services.
  • Public administrations.
  • Health.
  • Digital Transformation, through its Minsait unit.

Indra's revenue distribution by vertical markets

Indra Corporate Finance Analysis

 

CompanyDescriptionCountryAmountDate
Area9Area9 is the adaptive learning engine behind the new LearnSmart product range, McGraw-Hill's adaptive learning system.DenmarkDKK190MJan 2018
Kano ComputingKano enables users of all ages to create, learn and play with computing, with its kit system and open source platform.United Kingdom$28MNov 2017
BrainlyBrainly is an online e-learning and social education platform that allows its users to help each other with school work problems.Poland$14MOct 2017
OrnikarOrnikar is the first French online driving school.France€10MMar 2018
SmartUp.ioSmartUp.io is a user-to-user microlearning platform for companies and startups.United Kingdom$5,5MFeb 2017

 

CompanyDescriptionCountryAmountDate
Babylon HealthBabylon Health offers an accessible and affordable health service in the hands of people all over the world.United Kingdom$60MApr 2017
Pharmacy2UPharmacy2U is the UK's leading online pharmacy, which also provides a confidential online private doctor service.United Kingdom£40MMar 2018
Ada HealthAda Health offers a new approach to personalised health, backed by sophisticated artificial intelligence technology.Germany€40MOct 2017
MedopadMedopad is a British healthcare technology company that offers personalised online care.United Kingdom$28MFeb 2018
Push DoctorPush Doctor is Europe's largest digital health brand: it allows you to make a personalised consultation with a doctor in 6 minutes.United Kingdom$5,5MJul 2017

 

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.

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 & Healthcare (due to the Elections business), Energy & Industry (due to better dynamics in the Oil & Gas sector), as well as the Air Traffic (ATM) business.

Moreover, EBITDA in 2017 grew by 16% year-on-year to €266M. 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.

Net debt decreased to €588M, compared to €680M in September 2017, mainly due to the acquisitions of Tecnocom, Paradigma and GTA (€248M) and the consolidation of its debt (€10M). The leverage level amounted to 2.2x in September 2017.
EBITDA for the last 12 months, more than offsetting the impact of the acquisitions in the year. Excluding the integration of the acquired companies, Net Debt would have been reduced to €309m and operating leverage to 1.2x (2.3x in December 2016).

 

Latest Indra acquisitions

 

PROGRAMMEINNOGLOBAL 2018
PUBLIC BODYCDTI.
BENEFICIARIESSpanish companies.
PURPOSE OF THE PROGRAMMEAid 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.
CHARACTERISTICS OF THE AID- Duration: The duration of these projects may be from 12 to 36 months, starting in 2018.
- Budget: The minimum eligible budget is €150,000.
- Typology: Individual R&D projects.
- Legal nature: Grant.
TYPES OF AIDThe maximum grant amount per project is €400,000, with the following limits:
- For small enterprises, up to 50% of the approved bankable budget.
- For medium-sized enterprises, up to 40% of the approved bankable budget.
- For large companies, up to 30% of the approved bankable budget.

Receipt of aid will be incompatible with any other grant or aid for the same project.
DEADLINENEXT OPENING
- The call will be open from 7 May to 5 June 2018.
INFORMATION+34 946 42 41 42

info@abra-invest.com

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Market Research Technology
Our team of market analysis specialists is continuously analyzing the investments of the most active markets in the industry in order to unceasingly contribute ideas of the current market situation and identify the most relevant trends for senior management. We integrate the most relevant sources of information which allows us to discover the most interesting companies for venture capital and similarly helps us to identify the investors with the highest probability of involvement in an M&A process to ensure the success of our sell-side operations.

The reports and deductions of our advisors provide a broad view of the sector, both geographically and from the complementary or adjacent markets perspective.
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for M&A
Advanced data anlytics is a weapon". Intelfin is an artificial intelligence tool we use for investing and creating value in SMEs through competitive analytics and the enterprise environment.

IntelFin consists of a cognitive system, which, through the application of advanced analytical technologies, facilitates the automation of investment and financing decisions in the field of non-listed companies and especially SMEs in high-growth sectors.

The information related to these companies is characterized by their lack of transparency and heterogeneity; thus, it is necessary to develop an advanced analysis which is as much predictive as prescriptive and is developed in a natural language custom, suitable to obtain greater clarity and knowledge of the investment scope.

The IntelFin system focuses especially on analyzing the variables that define and influence the competitive environment of a sector and the positioning of a company, analyzing their influence on future value creation. Therefore, IntelFin supports strategic decision-making to senior management by resolving questions such as:

¿What are my competitors' priorities, strategies and expansion plans? Who's my competition? Which competitor is most likely to grow at a higher rate?
Which areas of activity/business models will receive the most investment? Which sectors are most attractive to investors?
Which companies are going to experience the most growth in the near future? Which companies are most likely to receive investment or be acquired?
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We have developed training programs in an innovative set-up which guarantees our teams the acquisition of technical competences both in the field of corporate finance and in the field of psychology, that is much needed when it comes to negotiation processes.

We have a culture of continuous improvement of our processes, closely related to the use of information systems that allow the enhancement of internal communication between our teams, as well as external communication with our customers. Hence, we extend best practices identified internally in an efficient and rapid manner among our members.

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