Inmarsat released a set of Q1 results broadly in line with expectations and confirmed their guidance. Key highlights Revenue up 11.3% (+7.5% excluding Ligado), to $332.2m, 2.4% above consensus EBITDA up 9.2% (+1.8% excluding Ligado), to $181.5m, 3.9% above consensus Adjusted PAT up 14.5%, to $52.2m Net debt broadly unchanged at $1,919.4m
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Unsurprising set of Q1 results
Inmarsat released a set of Q1 results broadly in line with expectations and confirmed their guidance. Key highlights Revenue up 11.3% (+7.5% excluding Ligado), to $332.2m, 2.4% above consensus EBITDA up 9.2% (+1.8% excluding Ligado), to $181.5m, 3.9% above consensus Adjusted PAT up 14.5%, to $52.2m Net debt broadly unchanged at $1,919.4m