Inmarsat Reports Q3

Revenue up 8.7% to $176.7 million; EBITDA up 18.4% to $133.0 million

November 9, 2009

1 Min Read

LONDON -- Inmarsat Holdings Limited, a wholly-owned subsidiary of Inmarsat plc (LSE: ISAT), the leading provider of global mobile satellite communications services, today reported unaudited consolidated financial results for the 3 months ended 30 September 2009. A copy of the financial reports for both Inmarsat Holdings Limited and Inmarsat Group Limited for the third quarter can be accessed via the investor relations section of our website. Copies of these financial reports will also be furnished to the SEC later today on form 6-K.

Q3 Highlights – Inmarsat Holdings Limited

• Revenue up 8.7% to $176.7m (2008: $162.5m)
• EBITDA up 18.4% to $133.0m (2008: $112.3m)
• Profit after tax up 33.5% to $50.2m (2008: $37.6m)
• Free cash flow up 90.6% to $102.9m (2008: $54.0m)
• Andrew Sukawaty extends CEO term for two years
• $500m Senior Credit Facility refinancing completed

Andrew Sukawaty, Inmarsat’s Chairman and Chief Executive Officer said, “These third quarter results show that we are continuing to achieve growth in all our MSS markets despite the economic downturn. In addition, our cost control and reduced capital expenditure needs are contributing respectively to strong EBITDA growth, up 18.4%, and a substantial increase in free cash flow, up over 90%, year over year. In addition we are seeing the benefits of improved terms with our distributors, following the implementation of new agreements in April 2009. We are well positioned to deliver on our targets for the full year.”

Inmarsat plc (London: ISAT)

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