Inmarsat ends 2013 on a high

Inmarsat has reported it finished 2013 with an upturn in its core maritime, aviation and land services business, giving it momentum for faster growth in the next two years.

The British satellite group, which provides communications to shipping, aircraft and remote locations, reported revenue growth of 5.4 per cent in its core Global MSS business to $194.3 million in the fourth quarter, beating market expectations by 4.5 per cent.

Chief Executive Rupert Pearce said the group had finished 2013 “with a flourish”.
“We have a couple of good months behind us and feel operationally and financially we will deliver against our objectives this year,” Pearce said in an interview.

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