resumeninglés · 2015. 7. 6. · summary annual report 2005 to transform knowledge into value...

Summary Annual Report

2005to transform knowledgeinto value


2005to transform

knowledgeinto value

key business figures 2005(Millions of euros)

Argentina

Indra SIAvda. Corrientes, 447 7º PisoC1043 AAE Buenos AiresArgentinaTel.: (+54) 11 4 3232000Fax: (+54) 11 4 3232090

EuropraxisC/ Reconquista 1088 8° PisoC1003 ABV Buenos AiresArgentinaTel.: (+54) 11 4 3232000Fax: (+54) 11 4 3232055

Brazil

Indra BrasilRua Matias Aires, 402, 9ºBela Vista, CEP 01310-300São PauloBrazil

EuropraxisRua James Joule, 92-6º,andar conjunto 6204576-080 Brooklin NovoSão PauloBrazilTel.: (+55) 11 21 27 04 00Fax: (+35) 11 21 27 04 05

Chile

Indra Sistemas de Chilec/ Monseñor Sótero Sanz, 55, of. 1001ProvidenciaSantiago, ChileTel.: (+562) 3740102Fax: (+562) 3740101

China

Indra Beijing Information Technology SystemsLandmark Tower 2, Unit 1409, Beijing ChinaTel.: (+86) 10 65906455/6Fax: (+86) 10 65906458

United States

Indra Systems6969 University Blvrd.Winter ParkFlorida 32792USATel.: (+1) 407 6731500Fax: (+1) 407 6731510

Portugal

Indra Sistemas PortugalRua da Indústria, 62610-088 Alfragide, AmadoraPortugalTel.: (+351) 21 472 46 00 Fax: (+351) 21 472 46 90

Rua José Falcão, 1514050-317 PortoPortugalTel.: (+351) 22 206 20 00 / 10Fax: (+351) 22 206 20 99

Compraxis, Prestaçao de Servicios de ConsultoríaAv. Duque D'Ávila, 46 – 2º A1053-083 LisboaPortugalTel.: (+351) 21 313 90 60Fax: (+351) 21 313 90 61 Italy

Europraxis ConsultingVia Fatebenefrateli, 2620121 Milán (Italy)Tel.: (+39) 02 30 57 55 01Fax: (+39) 02 30 57 50 02

Mexico Indra Sistemas MéxicoAv. Guillermo GonzálezCamarena No 1600Oficina 1”G” y 1”H” Colonia Centro de Ciudad.Santa Fe. CP. 01210México. D.F.Tel.: (+52) 55 91 59 3121Fax.: (+52) 55 52 92 8155

Greece Indra Sistemas Hellas75 Katehaki & Kifissias Ave.115 25 AthensGreeceTel: 210-6967000Fax: 210-6964640

Montenegro

Indra SistemasJovana Tomasevica 4185000 BARRepublika CRNA GORA

Uruguay

Indra SistemasCerrito 532/602- MontevideoUruguay

Ireland

Upper Pembroke St.Office 403/22-23Dublin 2Tel.: (+353) 01 2410.308

Peru

Las Begonias, 475 Oficina 702San Isidro, Lima

Indra EMACPº. de la Habana, 14128036 MadridTel.: (+34) 91 359 80 16Fax: (+34) 91 359 81 16

Indra Espacio, S.A.Mar Egeo, 4 - Pol. Ind. 128850 San Fernando de Henares, MadridTel.: (+34) 91 626 90 00Fax: (+34) 91 626 88 90

Avda. Diagonal, 218 - 3º08018 BarcelonaTel.: (+34) 93 400 58 00Fax: (+34) 93 400 54 00

Indra Sistemas de SeguridadAvda. Diagonal, 218 - 3º08018 BarcelonaTel.: (+34) 93 400 58 00Fax: (+34) 93 400 54 00

Indra Centros de Desarrollo Avda. de Bruselas, 3528108 Alcobendas, MadridTel.: (+34) 91 480 50 00Fax: (+34) 91 480 50 57

Telémaco, 328027 MadridTel.: (+34) 91 480 82 00Fax: (+34) 91 480 80 17

C/ Ramón Albarrán, 21a Planta – Puertas 1 y 206002 BadajozTel./Fax: (+34) 924 229 447

C/ Marie Curie, 16Parque Tecnológico Andalucía29590 Campanillas, MálagaTel: (+34) 952 020 298


Tourism & Leisure C/ Carabela La Niña, 1208017 BarcelonaTelf: (+34) 93 206 43 43Fax: (+34) 93 280 35 16

principalesmagnitudes 2005(Datos en millones de euros)

2001 2002 2003 2004 2004* 2005*Growth

2004*-2005*

Revenues 774.3 873.6 981.4 1,079.2 1,079.2 1,202.2 11%

International Market (% Revenues) 34% 30% 33% 35% 35% 35% 14%

Backlog 1,135.4 1,177.4 1,220.6 1,363.7 1,363.7 1,623.1 19%

Net Assets (ex SOP 00/02) 162.5 211.0 174.3 172.0 172.0 238.8 39%

Cash Position/(Debt) Net 74.0 36.6 136.8 197.7 205.2 54.1 (74%)

Personnel (average) 5,816 6,092 6,385 6,516 6,516 7,584 16%

Results:

Operating profit (EBIT) 83.7 96.0 109.1 122.7 114.8 142.3 24%

Net attributable profit 48.0 57.4 71.7 85.4 80.0 104.1 30%

Cash-Flow 70.5 86.1 112.8 117.5 133.9 165.6 24%

* Appliyng IFRS

HeadquartersAvda. de Bruselas, 3528108 Alcobendas, MadridTel.: (+34) 91 480 50 00Fax: (+34) 91 480 50 57


Joaquín Rodrigo, 1128300 Aranjuez, MadridTel.: (+34) 91 894 88 00Fax: (+34) 91 891 80 56

Mar Egeo, 4. Pol. Ind. 128850 San Fernando de Henares, MadridTel.: (+34) 91 626 86 00Fax: (+34) 91 626 90 15

Ctra. de Loeches, 928850 Torrejón de Ardoz, MadridTel.: (+34) 91 626 81 97Fax: (+34) 91 626 80 02

Avda. Diagonal, 188-218, 3º08018 BarcelonaTel.: (+34) 93 400 58 00Fax: (+34) 93 400 54 00

Henao, 448009 BilbaoTel.: (+34) 94 423 87 49Fax: (+34) 94 424 07 52

Avda. de SanFrancisco Javier, 22 – 6º41018 SevillaTel.: (+34) 95 466 05 11Fax: (+34) 95 466 15 65

Colón, 6046004 ValenciaTel.: (+34) 96 351 10 37Fax: (+34) 96 352 09 53

Puente, 29-30 11027 El Puerto de Santa María, CádizTel.: (+34) 95 6877963Fax.: (+34) 95 6877964

Avda de Bruselas 143 30392 Cartagena, MurciaTel.: (+34) 96 8320766Fax.: (+34) 96 8509951

Avda Pavillón, 10515570 Narón, A CoruñaTel.: (+34) 981 333126Fax.: (+34) 981 323739

Algoritmos y SistemasC/ Diputación 23808007 Barcelona

Europraxis AtlanteCarabela La Niña, 1208017 BarcelonaTel.: (+34) 93 206 43 43Fax: (+34) 93 280 35 16

Pº de la Castellana, 5028046 MadridTel.: (+34) 91 564 72 09Fax: (+34) 91 562 98 69

Indra ATMCtra. de Loeches, 928850 Torrejón de Ardoz, MadridTel.: (+34) 91 626 81 97Fax: (+34) 91 626 80 02

2001 2002 2003 2004 2004* 2005*Growth

2004*-2005*

Revenues 774.3 873.6 981.4 1,079.2 1,079.2 1,202.2 11%


Backlog 1,135.4 1,177.4 1,220.6 1,363.7 1,363.7 1,623.1 19%

Net Assets (ex SOP 00/02) 162.5 211.0 174.3 172.0 172.0 238.8 39%



Results:



Cash-Flow 70.5 86.1 112.8 117.5 133.9 165.6 24%

* Appliyng IFRS


Chairman's letter

Dear Shareholder,

2005 was once more a successful year for Indra. We again outper-formed the market and the sector’s main companies while conti-nuing to improve on already high profitability and achieving all our objectives to a highly satisfactory degree.

Order intake, revenues and the order backlog grew at a double-digit pace consistently across our businesses, encompassing Solutions and Services, domestic and international markets, institutional mar-kets and the rest of the arenas in which we operate.

These favourable results are the product of the steps taken in recent years, and pursued in 2005, to build and expand on our capacity to generate new solutions and services, enter new demand segments and customers, and continuously improve operating profitability and fund generation.

Perseverance with this strategy is sure to bring further high growth above the sector average, together with added profitability. This is once more reflected in the objectives announced for 2006.

This coming year and successive years will show that our potential to grow and build value in the medium term exceeds our past per-formance projected into the future.

The high potential that we are convinced will be demonstrated in the future is founded on three core areas, wich are also our main challen-ges. Firstly, in the domestic market, the general outlook for the sec-tor is more favourable than in previous years and we see opportuni-ties to continue to increase our market share and leading position. Secondly, in international markets, the company’s competitiveness and project management and execution capabilities have already been demonstrated, the potential market is now considerably larger and we aspire to leading positions in both the developed regions and the most relevant emerging regions. Thirdly, we plan to leverage the company’s financial capacity in order to make acquisitions that will bolster our competitive position and generate sustainable value.

This confidence in our future and our commitment to permanen-tly monitor the company’s balance sheet structure has led us to upgrade the criteria applied to direct shareholder remuneration and propose an ordinary dividend for 2005 equal to 55% of consolidated profits, which is twice the figure paid out in the previous year.

In 2005 we continued to improve best practices in corporate res-ponsibility and governance, as well as communications with the investor community, in line with our permanent objective of building confidence in all our stakeholders and consolidating market percep-tion of our company’s value, which once again improved.

We trust that these measures and proposals, together with our management of the company’s affairs in 2005, will merit your approval.

Javier Monzón Chairman

2 Indra 2005

Value creation and competitive advantages are necessarily foun-ded on solid and sustainable factors. At Indra, knowledge and value are two sides of the same coin. The effects are reciprocal as value is generated from knowledge and knowledge from value.

Innovation is the core of Indra’s strategy and the key to our unique offering of value-added solutions and services.

To transformknowledge into value

innovation is the core of Indra's strategy

Market context and trends

During 2005 the information technology services market confirmed its growth trend and the transformation process that is bringing major development and growth opportunities for the sector’s busi-nesses.

This process is dividing the sector into two entirely separate seg-ments consisting of services, in the strictest sense, and solutions.

Strategic positioning

Indra’s growth strategy is intimately linked to the conception of our business project. From the beginning, we committed to innovation and the development of in-house technology. By persevering in this direction, we have gained a leading position in the Spanish market and considerable international presence in high technology sectors.

In view of the challenges envisaged in coming years, the company continues to focus on international expansion and to develop value-added services and solutions in which process innovation leverages the optimisation of business productivity and costs. These are the services and solutions with the most future potential. Developing them requires a strong commitment to innovation and talent mana-gement, the factors that actually add value to technology.

This business model is sustainable over time thanks to our obser-vance of best practices in corporate responsibility and governance, combined with a dynamic organisation, efficient talent manage-ment, the capacity to innovate in products and management, and a natural inclination towards customer service.

Corporate responsibility

As innovation is a basic aspect of Indra’s sustainable development and therefore an obligation vis-à-vis our shareholders, we have also included innovation among our responsibilities and commit-ments with respect to the rest of our stakeholders (customers, employees, suppliers), as well as the institutions that drive and develop innovation in the communities in which we operate, and society at large.

Corporate governance

Indra has always been firmly committed to excellence in corporate governance and to the quality of our relations with shareholders and investors. Since 1999, the company has published an annual report on corporate governance, addressing both legal require-ments and domestic and international corporate governance best practices and recommendations.

Talent management

Indra’s business project is based on employee talent. Our emplo-yees are the ones that innovate and create value. We are fully aware that the value of our solutions and services depends direc-tly on the capacity to attract, motivate, develop and retain the best professionals. Talent management is therefore a priority at Indra.

Innovation and quality

Indra is required to achieve constant growth in revenues and pro-fits, which necessarily entails both offering unique products and high added value and continuously improving our management of projects, services and resources. Innovation is therefore the basis of the company’s strategy. This has been the case since the outset and has been reflected in the solutions and services developed by our professionals and in the organisation’s internal evolution.

Growing with our customers

A long-term commitment with customers is one of our objectives and has earned us a market reputation over the years. In order to further this commitment, we continue to fine tune the business model, developing services and solutions that provide added value to customers and placing emphasis on high technological content in order to stand out from our competitors.

At Indra we seek innovative customers focused on the long term. Although these are the most demanding customers, the resources devoted to meeting their needs result in unique solutions.

Competitive advantage stems from the creation of distinguishing factors grounded in knowledge

| to transform knowlede into value 3

Our businesses to transform knowledgeinto a value-based offering

The value of knowledge is measured by its capacity to resolve problems and fulfil genuine needs. Knowledge acquires value when it is put into practice to generate solutions and services. But value is also inherent in the way projects are conduc-ted; strategic vision and excellence in project execution and handover are factors which, at the end of the day, determine our customers’ capacity to compete and therefore affect the final value of our solutions and services.

Our unique values are grounded in the capacity to resolve all kinds of issues, giving birth to innovative solutions and services

4 Indra 2005

Indra offers a full range of products presented in the form of Solutions and Services. Our customers’ needs are addressed by applying a comprehensive management model to provide in-house solutions incorporating our knowledge of their technology and business. Our customers’ future challenges are addressed by Indra’s long-term commitment to provide management services for the solutions implemented and for the business processes supported.

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Comprehensive management model

+Long-term commitment

+Contribution of value

Services

Systems development and integration

Strategic and business consultancy

Technology consultancy

Applications management and systems maintenance

Technology outsourcing

Process outsourcing (BPO)

Solutions

| our businesses 5

6 Indra 2005

1997Two contracts to supply an integrated management system for the Nanjing-Shanghai motorway and the Q2 motorway.

1998Traffic control contract for the Chegdu-Chongqing motorway section and for the Jiangsu-Jianyin motorway.

2000Traffic control contract for the Shanghai-Hangzou motorway.

Hainan Airlines contracted Indra to develop an integrated technician training centre.

Contract to fit out Shenyang airport.

2001Contract to supply a system for Shanghai underground line three.

2002Indra set up Indra Beijing IT Systems.

Contract to design and implement a con-trol and security system in the Chongqing tunnels.

2003Contract to develop a ticketing systemfor the Tianjin-Binhai light railway.

2004Contract to develop a municipal trafficcontrol centre in Xhaanxi.

2005Contract with Air China to develop a new pilot training centre.

Ten years of experience in China

Some international projects of Indra 2005

ChinaPilot training centre Air China

USASant Louis Underground ticketing system

ArgentinaJustice e-administration system

PortugalOCP Integrated logistic and com-mercial system

BotswanaAir defence system

AngolaPassports and visa issue/ migration control

TunisiaPublic healthcaresystem

FranceRenault Credit International AM

United KingdomTest system Skynet V

NorwayParlamentary elections Oslo

GermanyGalileo Emergency service

PolandAir traffic management system

ItalyOutsourcing Enel

Serbia & MontenegroTraffic management Pogdorica Coast Highway

BrazilCRM for Vivo

| our businesses 7

Indra worldwide

At Indra, and given our leading position in the Spanish market, we are aware that a large part of our growth opportunities must be sought in international markets. Accordingly, we have focused on consolidating our domestic position and step-ping up international expansion in recent years.

In 2005, Indra has built on its presence in international markets, where the quality of our solutions and services and our commercial capacity are welcomed. Inter-national revenues account for 35% of the Group’s total, having risen by 14%. This increase in the number of international projects has forced us to make commercial investments and to open new offices from which to support our activities and also intensify the international expansion process in the future.

Indra’s main markets are still the highly-developed or fast-developing countries, which demand the majority of highly-technological solutions and services. In terms of developing markets, Asia-Pacific and Eastern Europe, in particular, are beco-ming more relevant due to their large growth potential.

Indra’s future is closely tied to Asia-Pacific, where the market volume and rate of growth represent a huge challenge for a company such as ours. In 2002 we formed Indra Beijing IT Systems (based in China) to build business in China and in neighbouring countries such as Thailand, Malaysia and Singapore. The main opportunities in this region are in the air traffic control segment.

Eastern Europe is also developing rapidly thanks to the cohesion and structural funds received from the European Union. Indra has been operating in Eastern Europe since the nineteen nineties, for this reason, a new Indra company was set up in Poland in 2005 to focus on the East European countries.

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Revenues by geographic area

8 Indra 2005

capabilities and innovation at our customers’ disposal

Indra is organised around three business areas: Information Technologies, Simulation and Automatic Test Systems, and Defence Electronics Equipment. Over the years we have gained com-prehensive insight into each business and crafted solid relationships with customers.

Information Technologies

Information Technologies form Indra’s core business, comprising acti-vities undertaken to convert information into value for our customers through solutions and services targeting vertical markets.

Simulation and Automatic Test Systems (SIM/ATS)

The SIM/ATS area develops solutions and services for training users of complex platforms, and systems for detecting electronic equipment failure at a highly complex and critical level. These activities relate mainly to the aeronautical sector, although there is increasing demand for defence and civil applications.

Defence Electronics Equipment (DEE)

The Defence Electronics Equipment area is engaged basically in desig-ning, developing, integrating, producing and maintaining sophisticated electronic equipment for avionics and defence platforms.

| our businesses 9

Revenues (Me) Variation CAGR 2005 2004 (04-05) (00-05)(**)

Information Technologies 917.0 815.6 12 % 11 %Transport and Traffic 294.6 264.0 12 % 19 %Defence and Security Forces 253.9 230.4 10 % 16 %Telecommunications and Utilities 151.4 138.3 9 % 8 %Public Administration and Healthcare 88.3 80.7 21 %(*) 13 %(*)Finance and Insurance 94.4 71.0 33 % 18 %Industry and Commerce 34.5 31.1 11 % 6 %

Simulation and Automatic Test Systems 115.3 106.3 8 % 22 %Defence Electronics Equipment 169.9 157.4 8 % 12 %Total 1,202.2 1079.2 11 % 12 %

(*) Excluding election processes (**) Compound Annual Growth Rate

Breakdown of total revenues

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*Compound Annual Growth Rate

CAGR*2000 - 2005

11%

International 05

27%

10 Indra 2005

Our businesses

Information Technologies

Oriented solutions and services to turn information into value

Telecommunicationsand utilities

Business Support Systems (BSS) and Operations Support Systems (OSS)

GSM network infrastructures

Acquisition systems and environmental surveillance networks

Energy supervision and control systems

Integrated management of electricity and gas market agents

Value-Added Services (VAS)

Trading Systems

Operational Risk Management

Services

State-of-the-art solutions and services for our customers’ global leadership

International 05

29%


CAGR*2000 - 2005

8%

Transport and Traffic

Air Traffic Management (ATM)

Transport infrastructure and operator management systems

– Ticketing

– Land traffic control and management systems

– High-speed railway control and management systems

– Carrier management systems

Satellite navigation systems

Services

Solutions that add value to transport networks and infrastructures

International 05

32%


CAGR*2000 - 2005

19%

Defence andsecurity forces

Intelligence, surveillance, detection, command and control systems

Integrated logistics systems

e-Learning systems and platforms

Satellite communications and control

Services

Towards common technological infrastructures in Defence and Security

International 05

27%


CAGR*2000 - 2005

16%

Industry and commerce

Supply, logistics and production solutions

Integrated e-Business solutions

Enterprise resource planning (ERP) systems

Knowledge management / e-Learning

Mobility solutions

Business Intelligence Solutions

RFID/CRM solutions

Services

Solutions and services to enhance productivity

International 05

20%


CAGR*2000 - 2005

6%

Public administration and healthcare

e-Government

Identification systems

Integrated tax management

Digital healthcare

Digital cities

Administrative procedure simplification

Vote counting systems

Services

Creating value for citizens

International 05

16%


CAGR*2000 - 2005

13%

Finance and insurance

Core banking architecture

Clearing, payment methods and financing

Financial terminals and multi-channel solutions

Investment, private banking and personal banking management

Fund management

Foreign trade solutions

Operational risk

Para-banking financial solutions

Integrated insurance management (New Insurer Platform)

Electronic claims processing

Advanced electronic signature services

Integrated security management

Services

Business knowledge and technology to create value for financial institutions and insurance companies

International 05

13%


CAGR*2000 - 2005

18%


CAGR*2000 - 2005

22%

International 05

63%


CAGR*2000 - 2005

12%

International 05

63%

Flight simulators

Driving and traffic simulators

Automatic Test Systems

Services

Avionics systems and equipment

Sustainment: maintenance and modernisation

Services

State-of-the-art technology for interoperability

Defence ElectronicEquipment

| our businesses 13

State-of-the-art simulationand test solutions

Simulation andAutomaticTest Sytems

Indra’s stock market performance

Shareholder Structure at 31 December 2005

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Shareholder Shares % of share capital

Caja Madrid 21,896,695 14.98%Free-Float 122,884,961 84.06%TOTAL ordinary shares 144,781,656 99.04%Redeemable shares 1,406,270 0.96%Total shares 146,187,926 100%

14 Indra 2005

Key figures

At 31 December 2005, the company’s share capital amounted to Ð29,237,585, consisting of 146,187,926 fully subscribed and paid up shares with a par value of Ð0.20 each. Capital is divided into 144,781,656 series-A ordinary shares, 766,819 series-C redeema-ble shares and 639,451 series-D redeemable shares, all of which are listed on Spain’s four stock exchanges.

The series-A ordinary shares have been listed on the continuous market since 23 March 1999, in the Electronics and Software sub-sector of the Communications and Information Services sector. On 1 July 1999, Indra was included in the selective IBEX 35 index, which is formed by the 35 most representatives companies listed on the Spanish stock exchanges, in terms of market capitalisation and liquidity. At 31 December 2004, Indra’s stock accounted for 0.59% of the index.

Accordingly, at 31 December 2005 the company’s main shareholder is still Caja Madrid, with a 13.33% stake. The registers kept by the National Securities Market Commission (CNMV) indicate that the companies Chase Nominees Ltd, State Street Bank and Trust Co, Fidelity International Ltd and Barclays Bank gave notice of 10.08%, 6.49%, 5.13% and 5.15% stakes on 17 December 2004, 2 Februa-ry 2005, 27 April 2005 and 21 November 2005, respectively. In the former two cases, the investment is held for the account of third parties, none of which own more than 5% of the company.

Main stock market indicators 2005

Total number of shares (31-12-05) 146,187,926Number of ordinary shares (31-12-05) 144,781,656Free-float (31-12-05) 125,292,410Par value of share Ð0.20 Average daily volume (shares) 1,174,050Average daily volume (Ðm) 17,397Trading days 256Trading frequency 100%Minimum daily volume (shares) (24 November) 201,415Maximum daily volume (shares) (9 February) 17,856,778Total actual volume (Ðm) 4,453Total annual volume (shares) 300,556,674Total volume as % of total ordinary shares 208%Total volume as % of free-float 240% Annual minimum share price (12 January) Ð12.07Annual maximum share price (3 October) Ð18.47Closing price (30 December) Ð16.51Average price Ð14.80Market capitalisation at 30 December (Ðm) 2,390 Net earnings per share (EPS) (1) Ð0.719Cash flow per share (CF/S) (1) Ð1.100Book value per share (1) (2) Ð1.887 Price / EPS (P/E) (3) 22.97Price / CF/S (PCF) (3) 15.01Price / Book value per share (P/BV) (3) 8.75EV / Revenues (3) 1.99EV / EBITDA (3) 14.95

Stock market indicators

The main market indicators for the period are listed below:

| Indra's stock market performance 15

(1) Calculated based on number of ordinary shares(2) Book value does not include Ð9.8m from the capital increase (redeemable shares) carried out to provide coverage for Options Plan 2002(3) Year-end price (30 December)

Stock Market Performance

Overall, in 2005 the stock market continued the recovery that com-menced in the second half of 2003, a recovery that began to affect the Information Technology Services sector, in which Indra carries on most of its business. Investors had discounted a business reco-very that appears to be finally occurring, causing a 28% rise in the main sector companies in 2005.

Indra formed part of this recovery, achieving 31% growth in 2005, above both the sector average and the performance of the two ma-jor sector indices in which Indra is included: FTSEeTX (27%) and MSCI Europe IT Services (25%).

The following graph shows Indra’s performance in relation to the IBEX 35 and to average figures for the main European IT services companies (base value of 100):

Since the 2005 year end, Indra’s position in the sector has further improved, a circumstance that has been clearly perceived by the market. The stock’s market value at year-end 2005 was 369% up on its value at the date of the IPO in March 1999, as compared with a sector average fall of 52%.

Dividend charged to 2005 profit

The dividend proposed by the Board of Directors for approval by the Annual General Meeting is twice the ordinary dividend paid in the previous year, as shown in the following table:

(1) Gross dividend charged to 2005 profit as a % of the share price at 30 December 2005.

Shareholder and Investor Relations

In 2005 Indra continued to apply an active communications policy in order to ensure optimal transparency and information disclosure to the financial markets, making numerous presentations to institutional investors and analysts in Spain, Europe and the United States.

At 31 December 2005, a total of 41 analyst firms were actively engaged in preparing regular company reports covering Indra, including 24 inter-national firms and one firm whose coverage commenced in 2005.

Indra has a specific department serving its shareholders, the Share-holders’ Office (tel.: +34 91 480 98 00, [email protected]), which responds to all their queries and information needs. In 2005 a total of 2,308 telephone queries were received on a variety of issues relating to the company’s business, growth prospects, dividends, Annual General Meeting, share price, etc.Dividends per share charged to 2005 profit

Gross dividend per share 0.39%

Increase in gross dividend per share on 2004 100%Pay-out ratio 55%Dividend yield 2004 (1) 2.36%

16 Indra 2005

30/12

/2004

30/01

/2005

28/02

/2005

30/03

/2005

30/04

/2005

30/05

/2005

30/06

/2005

30/07

/2005

30/08

/2005

30/09

/2005

30/10

/2005

30/11

/2005

30/12

/2005

140.00

150.00

130.00

120.00

110.00

100.00

90.00

80.00

Source: Jacques Chahine Finance

IndraIT Companies

IBEX 35

Argentina



Brazil



Chile


China


United States


Portugal







Montenegro


Uruguay


Ireland


Peru












HeadquartersAvda. de Bruselas, 3528108 Alcobendas, MadridTel.: (+34) 91 480 50 00Fax: (+34) 91 480 50 57


Joaquín Rodrigo, 1128300 Aranjuez, MadridTel.: (+34) 91 894 88 00Fax: (+34) 91 891 80 56

Mar Egeo, 4. Pol. Ind. 128850 San Fernando de Henares, MadridTel.: (+34) 91 626 86 00Fax: (+34) 91 626 90 15

Ctra. de Loeches, 928850 Torrejón de Ardoz, MadridTel.: (+34) 91 626 81 97Fax: (+34) 91 626 80 02

Avda. Diagonal, 188-218, 3º08018 BarcelonaTel.: (+34) 93 400 58 00Fax: (+34) 93 400 54 00

Henao, 448009 BilbaoTel.: (+34) 94 423 87 49Fax: (+34) 94 424 07 52

Avda. de SanFrancisco Javier, 22 – 6º41018 SevillaTel.: (+34) 95 466 05 11Fax: (+34) 95 466 15 65

Colón, 6046004 ValenciaTel.: (+34) 96 351 10 37Fax: (+34) 96 352 09 53

Puente, 29-30 11027 El Puerto de Santa María, CádizTel.: (+34) 95 6877963Fax.: (+34) 95 6877964

Avda de Bruselas 143 30392 Cartagena, MurciaTel.: (+34) 96 8320766Fax.: (+34) 96 8509951

Avda Pavillón, 10515570 Narón, A CoruñaTel.: (+34) 981 333126Fax.: (+34) 981 323739

Algoritmos y SistemasC/ Diputación 23808007 Barcelona

Europraxis AtlanteCarabela La Niña, 1208017 BarcelonaTel.: (+34) 93 206 43 43Fax: (+34) 93 280 35 16

Pº de la Castellana, 5028046 MadridTel.: (+34) 91 564 72 09Fax: (+34) 91 562 98 69

Indra ATMCtra. de Loeches, 928850 Torrejón de Ardoz, MadridTel.: (+34) 91 626 81 97Fax: (+34) 91 626 80 02


2005to transform knowledgeinto value


2005to transform

knowledgeinto value


Argentina



Brazil



Chile


China


United States


Portugal







Montenegro


Uruguay


Ireland


Peru












principalesmagnitudes 2005(Datos en millones de euros)

2001 2002 2003 2004 2004* 2005*Growth

2004*-2005*

Revenues 774.3 873.6 981.4 1,079.2 1,079.2 1,202.2 11%


Backlog 1,135.4 1,177.4 1,220.6 1,363.7 1,363.7 1,623.1 19%

Net Assets (ex SOP 00/02) 162.5 211.0 174.3 172.0 172.0 238.8 39%



Results:



Cash-Flow 70.5 86.1 112.8 117.5 133.9 165.6 24%

* Appliyng IFRS

resumeninglés · 2015. 7. 6. · summary annual report 2005 to transform knowledge into value...

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