Inmarsat plc - Highlights
Adjusted total revenues $635.2m up 1% (2012: $629.6m)
Adjusted EBITDA $327.2m (2012: $332.1m)
Profit before tax $185.5m (2012: $222.8m)
Adjusted profit before tax $183.5m up 6% (2012: $173.5m)
Interim dividend of 17.79 cents (US$), up 5%
Strong subscriber growth: FleetBroadband, XpressLink, SwiftBroadband
Total active terminals up 10%
Alphasat satellite successfully launched
Inmarsat Group Limited - Second Quarter Highlights
Inmarsat Global MSS revenues $195.9m up 3.7% (2012: $188.9m)
Inmarsat Solutions revenues $195.1m (2012: $205.4m)
Total EBITDA $174.0m (2012: $176.0m)
Rupert Pearce, Inmarsat's Chief Executive Officer, said, "During the second quarter, subscriber growth for key MSS services and the take-up of package-based maritime services contributed to a solid performance for Inmarsat Global MSS revenues. As a result we are now on track to achieve the top of our two-year target range for wholesale MSS revenue growth. Within our Inmarsat Solutions business, while the contracting environment for our US Government business remains challenging, the revenue results for our other business units have remained positive and, with tight cost control across the group, we are satisfied with the overall results for the quarter.
We are also pleased with the successful launch and early stage deployment of our Alphasat satellite. Alphasat enhances the capacity, power and coverage of our network for the EMEA region, provides for in-orbit network redundancy and extends the life our Inmarsat-4 network. Alphasat materially improves the risk profile and sustainability of our L-band operations."