Interim Results

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.”

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