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

 

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