Indra Sistemas, S.A. (ISMAY)

Spain's Indra sees revenue, profit soaring on European defence spending

Spanish defence and technology company Indra said on Wednesday it expects higher defence spending in Europe will boost its revenue and profitability over the next six years. The company expects earnings before interest, taxes, depreciation and amortisation (EBITDA) to soar to more than 750 million euros ($814 million) in 2026 from 446 million euros in 2023, on a rise in revenue to 6 billion euros from 4.34 billion last year. It sees a further rise in revenue to 10 billion euros by 2030.