Indra Posts Record Orders, Revenue Surge Amid Leadership Change

Indra reported a net profit of €219 million in H1 2026, up 2.1% year-on-year, driven by a 29.7% revenue increase to €3,179 million and an order book that more than doubled to €20,533 million Source: portafolioco; elconfidencial. The defense division was the main growth engine, with revenue surging 103% to €973 million, while the space segment (including Hispasat and Hisdesat) grew 398% Source: lavanguardia; infobae. EBITDA rose 72% to €456 million, with margin improving from 10.8% to 14.4% Source: elespanol.

Leadership Turmoil

The strong results were overshadowed by a sudden CEO change. José Vicente de los Mozos was dismissed six weeks before his contract ended, triggering a €660,000 severance payment for failure to give the agreed three-month notice Source: elconfidencial. He was replaced by Josep Maria Recasens, who reaffirmed full-year targets of €7 billion revenue and €700 million operating profit Source: abces.

Strategic Outlook

New chairman Ángel Simón and CEO Recasens emphasized alliance-building and execution excellence. Recasens stated that "all corporate options are open" and the company is working intensively on a new strategic plan Source: abces; lavanguardia.