Inmarsat increases 2012 full year dividend by 10%

DividendMax Ltd.

Inmarsat increases 2012 full year dividend by 10%

Inmarsat plc - Full Year 2012 Highlights

Total revenue (excluding LightSquared) $1,278m up 6% (2011: $1,205m)

EBITDA (excluding LightSquared) $643m (2011: $662m)

Profit before tax $294m (2011: $367m)

Final dividend of 27.45 cents US$, up 10% (16.5% in sterling terms)

Wholesale MSS revenues up 2.5%

Wholesale maritime MSS revenues up 15%

Total MSS active terminals up 14%

Strong service take-up: FleetBroadband, XpressLink, IsatPhone Pro

Confidence in Global Xpress programme

Inmarsat Group Limited - Fourth Quarter Highlights

Inmarsat Global MSS revenues $184m up 4% (2011: $178m)

Inmarsat Solutions revenues $208m up 6% (2011: $196m)

Total EBITDA (excluding LightSquared) $150m (2011: $154m)

Rupert Pearce, Inmarsat's Chief Executive Officer, said, "We are making progress across a range of activities that strengthen our core franchise and bring us closer to addressing new markets with our Global Xpress services. We are pleased with the improved results from our core MSS business and we are confident in reiterating all of our existing revenue growth targets. At the same time, significant technical and commercial progress with our Global Xpress programme means we expect to begin network deployment in 2013 as planned." 

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