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Indra 9M21 Results Indra's revenues , EBIT and net profit far exceeded the pre - crisis volumes of 9M19 The company upgraded its 2021 guidance again and reinstated its dividend policy ■ ■ Investor Relations +34.91.480.98.00 irindra@indra.es www.indracompany.com ■ ■ Net Profit amounted to € 115m in 9M21 vs € -31m in 9M20 and € 65m in 9M19 ( + 77 % ) . 9M21 revenues went up + 12 % in local currency vs 9M20 ( + 10 % in reported terms ) and + 9 % in local currency vs 9M19 ( + 3 % in reported terms ) . Reported EBIT stood at € 188m in 9M21 ( € 171m excluding the capital gain of € 17m from the sale of San Fernando de Henares ' facilities ) vs € -9m in 9M20 and € 127m in 9M19 . 9M21 revenues in Minsait increased by + 12 % in constant currency vs 9M20 and + 12 % vs 9M19 . 9M21 EBIT margin stood at 5.4 % excluding the capital gain from the sale of the facilities ( vs -3.7 % in 9M20 and 3.1 % in 9M19 ) . 9M21 T & D revenues went up + 12 % in local currency vs 9M20 and + 3 % vs 9M19 . 9M21 EBIT margin reached double - digit levels and stood at 10.8 % excluding the capital gain from the sale of the facilities ( vs 5.8 % in 9M20 and 10.0 % in 9M19 ) . Cash generation in 9M21 was € 5m ( € 15m excluding the cash outflow of € -32m from the workforce transformation plan and the cash inflow of € + 22m from the first payment of the sale of the facilities ) vs € -75m in 9M20 . Net debt reached € 503m vs € 626m in September 2020. Net Debt / EBITDA LTM ratio stood at 1.7x in September 2021 vs 2.8x in September 2020 . Backlog grew + 5.3 % in local currency and stood at € 5,362m . Backlog / Revenues LTM stood at 1.65x in 9M21 . Indra upgraded its 2021 guidance again and reinstated its dividend policy . Madrid , October 27th , 2021 - Cristina Ruiz and Ignacio Mataix , Chief Executive Officers of Indra : " The results of the first nine months of 2021 display a significant acceleration of growth and operating profitability both in Minsait and in Transport & Defence , which already far exceed the pre - pandemic 9M19 thresholds . Both T & D and Minsait increased their revenues by double - digit rates in local currency in the cumulative period , while the negative contribution of the exchange rate is significantly reduced in the third quarter of 2021. EBIT margins of both divisions are also very strong , with T & D already exceeding double - digit rate in 9M21 , while Minsait stands at 5.4 % ( both excluding the capital gain from the sale of the facilities ) . For its part , net profit is already 77 % higher than in 9M19 , before the crisis . At the same time , we went on reducing leverage for another quarter through our solid cash generation and EBITDA growth in the period . This ratio stands at 1.7x at September 21 . All in all , the continued improvement of our results and balance sheet allows us to upgrade our 2021 guidance again and to announce the reinstatement of the dividend . "