Inmarsat released quite disappointing Q1 figures and lowered its revenue projections for the full year. The company reported revenues down $6.2m yoy (-2.0%), at $298.6m. EBITDA fell 6% at $166.2m (vs $176.8m in Q1 15), with the EBITDA margin decreasing slightly from 58% to 55.7% translating mainly the negative trend in the maritime activity. Net profit was down 41.1% at $45.6m (vs $77.4m). The 2016 guidance has been revised downward, to a range of $1,175m to $1,250m (excluding Ligado) vs $1,2
09 May 2016
Disappointing Q1, downward review of management guidance, brutal market reaction
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Disappointing Q1, downward review of management guidance, brutal market reaction
Inmarsat released quite disappointing Q1 figures and lowered its revenue projections for the full year. The company reported revenues down $6.2m yoy (-2.0%), at $298.6m. EBITDA fell 6% at $166.2m (vs $176.8m in Q1 15), with the EBITDA margin decreasing slightly from 58% to 55.7% translating mainly the negative trend in the maritime activity. Net profit was down 41.1% at $45.6m (vs $77.4m). The 2016 guidance has been revised downward, to a range of $1,175m to $1,250m (excluding Ligado) vs $1,2