Indra Sistemas, S.A. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
February 24, 2021 at 11:34 pm IST
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Indra Sistemas, S.A. Announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced sales was EUR 890.2 million compared to EUR 916.4 million a year ago. Operating loss was EUR 23.8 million compared to operating Income of EUR 94.2 million a year ago. Net loss was EUR 34.2 million compared to net income of EUR 56.7 million a year ago. For the full year, sales was EUR 3,043.4 million compared to EUR 3,203.9 million a year ago. Operating loss was EUR 32.9 million compared to operating Income of EUR 221 million a year ago. Net loss was EUR 65.2 million compared to net income of EUR 121.4 million a year ago. Basic loss per share from continuing operations was EUR 0.37 compared to basic earnings per share from continuing operations of EUR 0.688 a year ago. Diluted loss per share from continuing operations was EUR 0.325 compared to diluted earnings per share from continuing operations of EUR 0.64 a year ago.
Indra Sistemas, S.A. is the Spanish leader in designing, developing, manufacturing and marketing of information technology, defense, and simulation systems. The group's activity is organized around 2 areas:
- sales of systems: IT systems (systems for air traffic control and management, electronic payment control, surveillance, identification, vote counting, on-line training platforms, etc.), electronic defense equipment (radar, observation satellites, communication systems, instrument panels, etc.), automatic simulation and maintenance systems (fighter pilot training, diagnosis, and error detection systems.), etc.;
- services: consulting, maintenance, project management, etc.
Net sales are distributed geographically as follows: Spain (49.6%), Italy (5.8%), Europe (11.2%), Brazil (5.5%), Americas (14.1%) and Asia-Middle East-Africa (13.8%).