Indra Sistemas: Q1 16 results slightly below consensus, restructuring advancing according to plan

NEUTRAL, Fair Value EUR10 (-3%)

News published on May Tuesday 10, 2016
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Yesterday evening Indra reported Q1 16 results slightly below consensus. Restructuring is advancing according to plan, net debt is decreasing, and revenues in 2016 will be negatively impacted by greater selectivity in IT contracts. We do not expect the share price to react significantly short-term.

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