Indra Sistemas Sa Ord (ISMAF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. Welcome to Indra's first quarter 2026 results presentation. I now hand the conference over to Mr. Ezequiel Nieto, head of investor relations. Please go ahead, sir. Buenos dias y bienvenidos a la presentación. Good morning and welcome to the presentation of results of the first quarter 2026. My name is Ezequiel Nieto. I'm in charge of relations with investors. First of all, allow me to make reference to this slide which offers the legal framework for this presentation. I'd like to start by introducing the speakers in this session, José Vicente de los Mozos, CEO, and Miguel Cortés, Financial Director. Thank you, Ezequiel. Welcome, everybody, and welcome to the presentation of the results of the first quarter 2026. Since my arrival in May 2003 and the presentation of the Lead in the Future strategic plan and its phase focus starting March 6, 2024, InnoTeams are committed to the transformation of this company with solid work. We have been able to achieve the objectives we set to ourselves. During the presidency of Ángel Esquivano we have accelerated the industrialization of the group and now with the arrival of Ángel Simón I would like to welcome today. I am sure we will keep on accelerating our transformation. At a group level we keep on executing the rotation of our portfolio we have closed with the investment of BPO and we keep an active pipeline of over 20 operations. Besides that, we closed the quarter with a growth in our headcount of 3% compared to the first quarter of 2025, with an increase that's especially relevant in our headcount in defence, and has increased by 35% in terms of the milestones of our businesses. We have also achieved important investment in defence. We keep on expanding our industrial base in Spain with new plants in León and Cór...