Inmarsat released positive first half results. For the first half, revenue reached $629m, up 2.1% and slightly above the $626.5m of consensus. EBITDA reached $368.4m (58.6% margin, up 3 points yoy) while net profit was $122.4m, down by $9.2m due to increased depreciation caused by the GX constellation entry into full commercial service in 2015. For the second quarter, revenue reach $330.4m, up 6.1% and slightly above the $322.5m consensus. EBITDA reached $202.2m (61.2% margin, up 7.9 points y
04 Aug 2016
Reassuring H1 16
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Reassuring H1 16
Inmarsat released positive first half results. For the first half, revenue reached $629m, up 2.1% and slightly above the $626.5m of consensus. EBITDA reached $368.4m (58.6% margin, up 3 points yoy) while net profit was $122.4m, down by $9.2m due to increased depreciation caused by the GX constellation entry into full commercial service in 2015. For the second quarter, revenue reach $330.4m, up 6.1% and slightly above the $322.5m consensus. EBITDA reached $202.2m (61.2% margin, up 7.9 points y