Inmarsat… Financially Speaking…

[SatNews] Inmarsat plc (LSE: ISAT.L) has provided the following financial and operating information for the three months which ended September 30, 2011.

Inmarsat plc Highlights…

• Total revenue $364.1m up 17.9 percent (2010: $308.8m)
• Total active customer terminals up 12.5 percent
• XpressLink – unique hybrid maritime service launched
• IsatData Pro launched for M2M market
• Global Xpress program on track and budget

Inmarsat Group Limited Third Quarter Highlights

• Total Inmarsat Global revenue $245.2m up 21.9 percent (2010: $201.2m)
• Total Inmarsat Global MSS revenue $180.7m (2010: $185.1m)
• Total Inmarsat Solutions revenue $197.4m (2010: $186.0m)
• Total Group EBITDA $224.4m up 18.4 percent (2010: $189.5m)

Andrew Sukawaty, Inmarsat’s Chairman and Chief Executive Officer, said, “Revenue from our Cooperation Agreement with LightSquared continues to drive strong headline growth and offset a slowdown in our MSS revenues. While third quarter MSS results were in line with our expectations, as previously stated, we are unlikely to see consistent evidence of a return to MSS revenue growth until next year. However, in the meantime we are making progress with key new product developments and with our Global Xpress programme and these are important building blocks to future value and new growth.” To read the entire financial report, access this direct link.