Full Year Results 

Inmarsat signals lower capex

Inmarsat signals lower capex

Inmarsat’s (ISAT) top-line growth for 2018 was underpinned by a 40.9 per cent rise in aviation revenues to $256m (£195m). In turn, this stemmed from a doubling of in-flight connectivity sales (IFC). That said, efforts to become a bigger player in the broadband ‘IFC’ arena weighed on aviation’s cash profit margin, which slipped from 57.2 per cent to 51.5 per cent. Somewhat reassuringly, management expects this to recover over the next three years.

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