Q1 16 earnings Revenue was down at €628m (-10.5%, -6.3% excluding the currency effects). On an organic basis, the decrease in revenue was higher in the IT division (-8%) than in the Transport & Defence (T&D) division (-4%). Most geographic areas were organically poorly-oriented: -4% in Spain despite strong growth in Defence & Security (+23%) and an improvement in Energy & Industry (+3%), -15% (-29% reported) in Latin America reflecting adverse macro-economics and the repo
10 May 2016
Some improvements despite still tough trading conditions
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Some improvements despite still tough trading conditions
Indra Sistemas, S.A. Class A (IDR:WBO) | 0 0 0.5% | Mkt Cap: 1,934m
- Published:
10 May 2016 -
Author:
Hélène Coumes -
Pages:
3
Q1 16 earnings Revenue was down at €628m (-10.5%, -6.3% excluding the currency effects). On an organic basis, the decrease in revenue was higher in the IT division (-8%) than in the Transport & Defence (T&D) division (-4%). Most geographic areas were organically poorly-oriented: -4% in Spain despite strong growth in Defence & Security (+23%) and an improvement in Energy & Industry (+3%), -15% (-29% reported) in Latin America reflecting adverse macro-economics and the repo