SSW “delighted” with FY results
January 31, 2018
Satellite Solutions Worldwide (SSW) Group, a global player in the delivery of alternative super-fast broadband services, has announced its unaudited trading update for the 12-months to November 30th 2017.
During the period the Company delivered double digit like-for-like organic revenue growth, significantly increased total revenue, recurring revenue and Average Revenue Per User (ARPU) and completed seven acquisitions to achieve its target of 100,000 customers ahead of schedule.
The Company successfully expanded its routes to market and increased both customer numbers and ARPU during the period, strengthening its platform for profitable growth. Furthermore, the Company established direct sales channels to target Spain, Sweden and Finland as a means of further accelerating organic growth in those territories. The acquisition of Quickline further enhances the Company’s fixed wireless capabilities whilst retaining its focus on rural customers.
Andrew Walwyn, CEO of SSW, commented: “We are delighted with our performance during the period as the Company successfully expanded its routes to market as well as its geographic reach. Importantly, the Company now has the foundations in place for a step change in our growth trajectory as we take advantage of technological developments and offer services on a par with traditional broadband solutions. The convergence of innovation within the industry, which is delivering ever increasing speeds and ongoing Government subsidies continue to improve the economics of wireless broadband as well as underpinning both the near and long-term growth in demand for our offering to rural areas and we look forward to taking advantage of the growing opportunity.”