Indra Sistemas Explained

Indra Sistemas, S.A.
Location:	Alcobendas, Madrid, Spain
Services:	Defence, transport, energy, telecommunications, financial services and public sector clients
Revenue:	€4.34 billion (2023)^[1]
Operating Income:	€304 million (2023)
Net Income:	€206 million (2023)
Assets:	€4.72 billion (2023)
Equity:	€1.14 billion (2023)
Num Employees:	57,755 (2023)
Homepage:	https://www.indracompany.com/

Indra Sistemas, S.A. (pronounced as /es/) is a Spanish information technology and defense systems company founded in 1992. Indra is listed on the Bolsa de Madrid and is a constituent of the IBEX 35 index.

In 2018 and 2019 Indra was fined for participating in a 14-year cartel rigging the contracts for Spanish railway infrastructure and leading a 15-year cartel rigging the offers of IT services to several public administrations in Spain.

Business areas

Indra is organized around three business areas: information technologies, simulation & automatic test equipment, and defense electronic equipment. Indra's portfolio ranges from consultancy, project development, and systems and applications integration to outsourcing of IT systems and business processes, structured into two primary segments: solutions and services (including outsourcing and application maintenance), and business processes where technology is a strategic and differentiating element (BPO). This includes:

• Air traffic control systems, where as of 2009 it was one of the world's largest suppliers;^[2] Indra claims that a third of the world's air traffic is managed by systems developed by the company (such as the SACTA system)
• Aircraft simulators
• Defense
  • Ticketing systems developed for rapid transit systems such as those in Madrid, Barcelona, Paris, Lisbon, Shanghai, Athens, Buenos Aires, Mumbai and Santiago de Chile Financial services
• Energy
• Electoral technology and processes
• Health information systems

Revenues

About a third of the company's annual revenues come from international markets. By geographical areas, Europe and the United States are the two international markets with the greatest weight and growth for Indra. Indra is operating also in Latin America.

Fines for rigging

Indra was fined in 2018,^[3] and 2019^[4] for participating in a 14-year cartel rigging the contracts for Spanish railway infrastructure and leading a 15-year cartel rigging the offers of IT services to several public administrations in Spain.^[5]

Indra Sistemas ran the 2008 Angolan legislative election and was accused of helping the MPLA win that election.^[6]

Shareholder structure

The current shareholder structure of the company is the following:^[7]

Society	Shares
Free float
Sociedad Estatal de Participaciones Industriales (Spanish government)
Escribano
SAPA
Fidelity Investments
Amber Capital

Notes and References

1. Web site: Indra Sistemas, S.A. And Subsidiaries Consolidated Financial Statements for the year ended 31 December 2023 and Consolidated Directors Report, together with Independent Auditor's Report . Spanish . 6 March 2024 . Indra Sistemas.
2. News: Indra sees 2009 sales up 5-7 pct, hits '08 targets. Harding. Ben. 20 January 2009. Reuters. 2009-01-26.
3. Web site: S/DC/0565/15 - LICITACIONES APLICACIONES INFORMÁTICAS CNMC . www.cnmc.es . Comisión Nacional de los Mercados y la Competencia . 10 November 2023 . es . 26 July 2018.
4. Web site: S/DC/0598/16 - ELECTRIFICACIÓN Y ELECTROMECÁNICA FERROVIARIAS CNMC . www.cnmc.es . Comisión Nacional de los Mercados y la Competencia . 10 November 2023 . es . 28 March 2023.
5. News: Peña . Juan Cruz . La justicia avala las multas a Indra, IBM y el resto del cártel de la informática que infló precios al Estado . 10 November 2023 . elconfidencial.com . 14 October 2023 . es.
6. Web site: Angola's poll 'cooked from the start' . IOL.co.za . 2012-08-12 . 2012-08-20.
7. Web site: Shareholders structure . 8 Mar 2023 . Indra.