Intelsat announces fourth quarter and full-year 2017 results

Intelsat announces fourth quarter and full-year 2017 results

February 27, 2018

 

Intelsat S.A., operator of the world’s first Globalized Network and leader in integrated satellite solutions, today announced financial results for the three months and full-year ended December 31, 2017.

 

Intelsat reported total revenue of $538.1 million and net loss attributable to Intelsat S.A. of $90.0 million for the three months ended December 31, 2017.

 

Intelsat reported EBITDA1, or earnings before net interest, taxes and depreciation and amortization, of $409.1 million and Adjusted EBITDA1 of $416.4 million, or 77 percent of revenue, for the three months ended December 31, 2017.

 

For the year ended December 31, 2017, Intelsat reported total revenue of $2,148.6 million and net loss attributable to Intelsat S.A. of $178.7 million.

 

Intelsat reported EBITDA of $1,629.0 million and Adjusted EBITDA of $1,664.6 million, or 77 percent of revenue, for the year ended December 31, 2017.

 

“Our fourth quarter financial results, $538 million in revenue and $416 million in Adjusted EBITDA, are in-line with our 2017 annual guidance,” said Stephen Spengler, Chief Executive Officer, Intelsat. “In delivering on our expectation for Adjusted EBITDA for the year, we demonstrated our discipline with respect to expenses and managing cash flows. Our business results, combined with the successful extension of our $3.1 billion secured term loan maturity to 2023 and 2024, provide a solid foundation as we implement our 2018 business plan.”

 

Mr. Spengler continued, “Our goals in 2018 capitalize upon the better performance and economics associated with the services delivered by our high-throughput satellite Intelsat EpicNGfleet. Our position will be further enhanced by completion of the Intelsat EpicNG global deployment, which is planned to occur later this year with the launch of the Asia Pacific-oriented Horizons 3e satellite. We developed our 2018 initiatives to drive stability in our business sectors while accelerating the introduction of new end-to-end service capabilities. As we continue to innovate in technologies that support entry to new segments, we will expand the opportunity set for our Company and create new revenue streams to support growth.”

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