Indra Sistemas Sa Ord (ISMAF) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to our 2024 first half results presentation. I'm Ezequiel Nieto, Head of Investor Relations, and as usual, let me refer you to the disclaimer on slide number three that shows the legal framework under which this presentation must be considered. First, let me introduce the participants of this call. Omar Murtra, Executive Chairman of Indra, José Vicente de los Mossos, CEO of Indra, Antonio Mora, Chief Control Officer, and Luis Abril, Managing Director of Meansight. Marc, the floor is yours. Thank you, Ezequiel. Good morning to everybody. Welcome to this conference call in which we are pleased to present our results for the first half of 2024. I extend my thanks to all of you for your attendance. It is an honor for me to address you today in my capacity as Indra's executive chairman. The first half of 2024 has been important for INDRA, focused on setting us on the right implementation of our new strategic plan for 2024-2026, Leading the Future, unveiled in March of this year. That is our focus, execution. As defined in our strategic plan, Indra's vision is to become the Spanish multinational of reference in defense and aerospace and advanced digital technologies. Over the last three months, since the announcement of the plan, we have seen good progress, acting as a driver to build a path that will meet our leading the future strategic plan targets. Our double-digit growth in revenues, EBITDA, net income, and free cash flow compared to the first half of 2023 is, in our view, a good headline of our performance. Our increased operational profitability, evidenced by improved EBIT and EBITDA margins, demonstrate the impact of the actions and initiatives we have executed over the past months, some of which we will discuss today. The financial perform...