In Q4 15, there were some improvements and also additional provisions, impairment losses and cost overruns of €-130m, o/w €-64m in Brazil. +Main figures in Q4 15+: Revenue decreased by 8% to €781m (-6% excluding the currency effects). Excluding the elections business which brought revenue of €16m, revenue was down 10%. At constant currency, Indra Sistemas had lower revenue in Spain (-2% due to the decline of the private sector vs +11% in 9m 15), Latin America (-19% vs +3%
02 Mar 2016
Some improvement in Q4 15, further provisions and cost overruns
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Some improvement in Q4 15, further provisions and cost overruns
Indra Sistemas, S.A. Class A (IDR:WBO) | 0 0 0.5% | Mkt Cap: 1,934m
- Published:
02 Mar 2016 -
Author:
Hélène Coumes -
Pages:
3
In Q4 15, there were some improvements and also additional provisions, impairment losses and cost overruns of €-130m, o/w €-64m in Brazil. +Main figures in Q4 15+: Revenue decreased by 8% to €781m (-6% excluding the currency effects). Excluding the elections business which brought revenue of €16m, revenue was down 10%. At constant currency, Indra Sistemas had lower revenue in Spain (-2% due to the decline of the private sector vs +11% in 9m 15), Latin America (-19% vs +3%