Inmarsat released a good set of Q3 results. Results During the third quarter, total group revenue was up 5.8% at $341.9m. EBITDA was up 13.5% at $204.6m. Profit after tax was down 13.3% at $53.9m on the back of higher depreciation and one-off financial expenses. The performance was driven by the strong Government vertical which was up 9.8% and seems to be resisting well to the current trends in this market. The decline in Enterprise was much lower compared to H1, at -5.3% versus -8.6% during
03 Nov 2016
Strong set of Q3 results
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Strong set of Q3 results
Inmarsat released a good set of Q3 results. Results During the third quarter, total group revenue was up 5.8% at $341.9m. EBITDA was up 13.5% at $204.6m. Profit after tax was down 13.3% at $53.9m on the back of higher depreciation and one-off financial expenses. The performance was driven by the strong Government vertical which was up 9.8% and seems to be resisting well to the current trends in this market. The decline in Enterprise was much lower compared to H1, at -5.3% versus -8.6% during