Satellite Solutions Worldwide’s maiden preliminary results were in line with expectations, with revenues up 36% to £7.4m (+18% like-for-like), and an EPS loss of (0.3p). Effective working capital management meant that cash of £1.8m was better than expected. While amortisation charges relating to acquired customers will hold back the reported earnings number this year, the expected swing to positive EBITDA will be the best indicator of positive operational progress, and will
16 Mar 2016
Flying high
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Satellite Solutions Worldwide Group (SAT:LON) | 0 0 1.6% | Mkt Cap: 55.5m
- Published:
16 Mar 2016 -
Author:
Michael Armitage -
Pages:
14
Satellite Solutions Worldwide’s maiden preliminary results were in line with expectations, with revenues up 36% to £7.4m (+18% like-for-like), and an EPS loss of (0.3p). Effective working capital management meant that cash of £1.8m was better than expected. While amortisation charges relating to acquired customers will hold back the reported earnings number this year, the expected swing to positive EBITDA will be the best indicator of positive operational progress, and will