Avanti Communications Group plc (“Avanti” or “the Group”), a leading provider of satellite data communications services in Europe, the Middle East and Africa, issues the following results for the six months ended 30 June 2019.
Highlights to 30 June
- Half year EBITDA in line with Company budget
- Full year 2019 positive EBITDA guidance maintained with further material growth in 2020
- Backlog increased 80% to $156.4 million at 30 June 2019, including 1.8Ghz of capacity sold to Turksat (30 June 2018: $87 million)
- Successful launch of HYLAS 3 (post period end)
- Completion of new 1.5 lien credit facility
Kyle Whitehill, Avanti’s CEO said:
“The steady progress in the first half of 2019 has set the foundations for the remainder of the year. We expect to see a material contribution from Government bandwidth opportunities in the second half of 2019.”
For further information, please contact:
| Avanti Communications | Nigel Fox Tel: +44 20 7749 1600 |
| Cenkos Securities (Nomad) | Max Hartley, Katy Birkin Tel: +44 207 397 8900 |
| Newgate Communications | Adam Lloyd Tel: +44 (0)20 3757 9842 |