FY 15 results released Perfectly in line with AlphaValue's forecasts. Revenue +$1,274m (stable at cc and lfl), driven mainly by growth from Aviation, Enterprise and LightSquared but with continuing weakness in government expenditure across the globe. Maritime revenues were little changed, with strong growth in two key products, FleetBroadband and XpressLink, continuing to be offset by the decline in the non-core legacy product. EBITDA +$25m at cc (with LightSquared up $13.2m to $88.6m +17.5%)
03 Mar 2016
Satellite technologies brightening but more capex-consuming and offered by more competitors
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Satellite technologies brightening but more capex-consuming and offered by more competitors
FY 15 results released Perfectly in line with AlphaValue's forecasts. Revenue +$1,274m (stable at cc and lfl), driven mainly by growth from Aviation, Enterprise and LightSquared but with continuing weakness in government expenditure across the globe. Maritime revenues were little changed, with strong growth in two key products, FleetBroadband and XpressLink, continuing to be offset by the decline in the non-core legacy product. EBITDA +$25m at cc (with LightSquared up $13.2m to $88.6m +17.5%)