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(SGH.L) SatCom Group Holdings PLC Buy/Sell

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Date/Time	Headline	Source
1
13-11-09	SatCom Group Hldgs - Preliminary Results	RNS
This news article is displayed preformatted as it may contain results tables RNS Number : 4888C SatCom Group Holdings plc 13 November 2009 Press Release 13 November 2009 SatCom Group Holdings plc ("SatCom" or "the Group") Preliminary Statement of Results for the Year Ended 30 June 2009 SatCom Group Holdings plc, a distributor of satellite communications, announces its unaudited preliminary results for the year ended 30 June 2009. Financial Highlights * Turnover increased 43% to US$103 million (FY 2008: US$72.1 million) * Group EBITDA increased by 13% to US$6.8 million (2008: US$6 million) * Basic EPS increased by 11.3% to 6.87 cents (2008: 6.17 cents) * Final dividend proposed of 0.50 cents per share (2008: 0.40 cents). Operational Highlights * Addition of Inmarsat's Fleet Broadband to Company portfolio * Investment in improved customer service via investing in a new facility in Australia and relocating our 24/7 customer service centre and merging it with that of SDN. Chairman and Chief Executive Officer's Statement HIGHLIGHTS The Group has once again performed strongly, with revenues increasing in spite of the global downturn, though the economic climate remains challenging. However, the Mobile Satellite Services (MSS) sector continues to be both resilient and dynamic and looking forward, the Group is well positioned to take advantage of this. The requirement for ever-increasing data speeds, both on land and at sea, has led to increased demand for both mobile and fixed satellite services and we have now added Inmarsat's Fleet Broadband to our portfolio, whilst our investment in the VSAT business via our subsidiary SDN, continues to bring returns. In pursuit of ever-better customer service in the markets we serve, the Group has continued its international expansion, investing in a new facility in Australia and relocating our 24/7 customer service centre and merging it with that of SDN. We have also invested in communications infrastructure to ensure that all Group locations are fully interconnected by a high-speed global network. The attached accounts of SatCom Group Holdings Plc ("SatCom" or the "Group") show a significant year of revenue growth and continued growth in profitability. In the last year the Group has concentrated on integrating and growing the business during the difficult financial times of 2009. FINANCIAL PERFORMANCE I am pleased to report that the Group's results show increases across the board when compared with 2008 numbers. The Group's turnover showed an increase of 43% to $103 million with both Mobile Satellite Services ("MSS") and VSAT sectors contributing strongly. The MSS sector showed growth in broadband products in both maritime and land based services. As expected, the blended gross profit margin reduced from 22.5% to 18.8% due to the increase in revenue from US Government contracts which is at lower margins. Overheads increased by 28%, due to a full year of SDN costs being included (2008: 2 months only). The Group EBITDA has increased by 13% to $6.8 million (2008: $6.0 million). The basic earnings per share has increased by 11.3% to 6.87 cents (2008: 6.17 cents) and diluted earnings per share has increased by 14.6% to 6.75 cents (2008: 5.89 cents). The percentage increase in earnings per share has been affected by the increase in average number of shares in issue for the year as set out in Note 3 to these accounts. SatCom continues its progressive dividend policy and it is the Board's intention to propose a final dividend of 0.50 cents per share (2008: 0.40 cents). This dividend when added to the interim dividend paid in April 2009 will provide total income of 0.75 cents per share (2008: 0.60 cents) representing a 25% increase over 2008. The Group continues to invest in the IT involved in delivering higher quality service to customers globally through our integrated billing system and global broadband infrastructure. In June 2009, the Group negotiated new facilities with HSBC which were used to redeem Convertible Unsecured Loan Stock totalling �3,000,000 and US$600,000. STRATEGY AND PROSPECTS We have continued to develop our broadband range of products and services in both the MSS and VSAT sectors and expect these sectors to continue to grow. The Group is investing in value added products to complement these broadband products. SatCom continues to look at possible strategic acquisitions if and when opportunities arise. We thank the Group's employees around the world for their efforts in the last year and also thank our customers for their business and look forward to working with them in 2010. RICHARD VOS MARK WHITE CHAIRMAN CHIEF EXECUTIVE OFFICER For further information: SatCom Group Holdings plc Mark White, Chief Executive Officer Tel: +44 (0) 1722 439 206 mark.white@satcomgroup.com www.SatComgroup.com Martin Ward, Chief Financial Officer Tel: +44 (0) 1722 439 201 martin.ward@satcomgroup.com www.SatComgroup.com Arden Partners plc Fred Walsh / Matthew Armitt Tel: +44 (0) 207 398 1651 fred.walsh@arden-partners.com www.arden-partners.co.uk Media enquiries: Abchurch Heather Salmond / Mark Dixon Tel: +44 (0) 20 7398 7729 mark.dixon@abchurch-group.com www.abchurch-group.com Consolidated income statement for the year ended 30 June 2009 2009 2008 $'000 $'000 Revenue Continuing operations 103,728 72,070 Group revenue 103,728 72,070 Cost of sales (84,195) (55,825) Gross profit 19,533 16,245 Administration expenses (13,729) (10,731) Operating profit Continuing operations 5,804 5,514 Group operating profit 5,804 5,514 Interest receivable and similar income 5 81 Finance costs (1,043) (998) Profit on ordinary activities before taxation 4,766 4,597 Taxation (668) (918) Profit for the financial year 4,098 3,679 Attributable to: Equity holders of the parent company 4,098 3,679 4,098 3,679 Earnings per share Basic 6.87 cents 6.17 cents Diluted 6.75 cents 5.89 cents There were no recognised gains or losses other than those shown in the consolidated income statement. Consolidated balance sheet as at 30 June 2009 2009 2008 $'000 $'000 Assets Non-current assets Goodwill 18,739 18,045 Intangible fixed assets 2,831 1,406 Property, plant and equipment 2,709 1,775 24,279 21,226 Current assets Inventories 5,880 5,475 Trade and other receivables 19,307 17,523 Bank balances and cash 2,774 2,097 27,961 25,095 Current liabilities 3,599 658 Financial liabilities Convertible unsecured loan stock 1,223 6,451 Trade and other payables 21,417 19,277 Current tax 1,442 1,028 Obligations under finance leases 143 197 27,824 27,611 Net current (liabilities) / assets 137 (2,516) Non-current liabilities Financial liabilities 7,930 4,977 Convertible unsecured loan stock - 898 Obligations under finance leases 76 137 8,006 6,012 Net assets 16,410 12,698 Shareholders' equity Share capital 6,053 6,053 Share premium account 4,845 4,845 Merger reserve (10,884) (10,884) Retained profits 16,396 12,684 Total shareholders funds 16,410 12,698 16,410 12,698 Consolidated statement of changes in equity for the year ended 30 June 2009 Share Capital Share Premium Merger reserve Contingent Retained profits Total $'000 $'000 $'000 Share Capital $'000 $'000 $'000 Restated Balance at 30 June 6,053 4,845 (10,884) 500 9,321 9,835 2007 Changes in Equity for 2008 Profit for the year - - - - 3,679 3,679 Dividends paid - - - - (316) (316) Adjustment to contingent share - - - (500) - (500) capital for consideration paid in cash Balance at 30 June 2008 6,053 4,845 (10,884) - 12,684 12,698 Changes in equity for 2009 Profit for the year - - - - 4,098 4,098 Dividends paid - - - - (386) (386) Balance at 30 June 2009 6,053 4,845 (10,884) - 16,396 16,410 Consolidated cash flow statement for the year ended 30 June 2009 2009 2008 $'000 $'000 $'000 $'000 Net cash generated from 5,677 4,585 operating activities Cash flows from investing activities Interest received 5 81 Purchase of intangible fixed (1,854) (673) assets Purchase of property, plant (1,480) (366) and equipment Acquisition of subsidiary (net (694) (4,649) of cash acquired) Net cash used in investing (4,023) (5,607) activities Cash flows from financing activities Dividends paid (386) (316) Redemption of Convertible (6,257) - Unsecured Loan Stock ("CULS") Increase / (Decrease) in short 488 (267) term borrowing Net increase in long term 5,394 2,885 borrowing Capital element of finance (216) (142) lease rental payments Net cash generated by (977) 2,160 financing activities 677 1,138 Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at 2,097 959 beginning of year Cash and cash equivalents at 2,774 2,097 end of year NOTES 1. This preliminary announcement was approved for issue by a duly appointed and authorised committee of the Board of Directors on 12 November 2009. 2. Basis of preparation The financial information set out in this announcement is unaudited and does not constitute statutory financial statements for the year ended 30 June 2009 or 30 June 2008 within the meaning of Section 434 of the Companies Act 2006. The audit report on the full financial statements has not yet been signed. 3. Earnings per share The calculations of basic and diluted earnings per share are based on the following data: 2009 2008 $'000 $'000 Profit for the purpose of basic earnings per 4,098 3,679 share Effect of dilutive potential ordinary shares: Interest on convertible loan notes 42 421 Profit for the purposes of diluted earnings per 4,140 4,100 share No. of shares No. of shares Weighted average number of ordinary shares in 59,628,644 59,628,644 issue during the year Effect of dilutive potential ordinary shares: Staff options 510,305 306,278 Convertible loan notes 1,153, 846 9,615,685 Diluted weighted average number of ordinary 61,292,795 69,550,607 shares in issue during the year 4. Segmental analysis For management purposes, the group is currently organised into 4 geographical operating divisions - European Union, United States, Asia and Rest of World. These divisions are the basis on which the Group reports its primary segment information. Segmental information on a Group basis is set out below: European Union United States Asia Rest of World Group 2009 2008 2009 2008 2009 2008 2009 2008 2009 2008 $000's $000's $000's $000's $000's $000's $000's $000's $000's $000's Revenue Revenue by destination Sales to third parties 14,418 12,526 64,507 36,073 18,109 18,504 6,694 4,967 103,728 72,070 -------- -------- --------- --------- ---------- --------- -------- -------- ---------- ---------- Revenue by origin Total sales 6,403 13,619 58,065 27,757 62,207 44,990 1,873 2,409 128,548 88,775 (3,213) (6,441) (1,120) (20,248) (8,289) (239) (34) (24,820) (16,705) Inter-segment sales (1,941) -------- -------- --------- --------- ---------- --------- -------- -------- ---------- ---------- Sales to third parties 3,190 7,178 56,945 25,816 41,959 36,701 1,634 2,375 103,728 72,070 -------- -------- --------- --------- ---------- --------- -------- -------- ---------- ---------- Results Segment profit 1,042 136 1,121 977 4,198 4,473 (348) 147 6,013 5,733 -------- -------- --------- --------- ---------- --------- -------- -------- Common costs (209) (219) -------- --------- Operating 5,804 5,514 profit Net interest (1,038) (917) -------- --------- Group profit before taxation 4,766 4,597 -------- --------- Other Capital additions 366 122 434 184 2,635 846 - - 3,435 1,152 139 150 360 151 576 205 1 - 1,076 506 Depreciation and amortisation Net assets Segment net assets 1,009 1,010 (820) (1,188) 12,587 9,690 (346) 111 12,430 9,623 -------- -------- --------- --------- ---------- --------- -------- -------- Unallocated 3,980 3,075 assets -------- --------- Total net assets 16,410 12,698 -------- -------- This information is provided by RNS The company news service from the London Stock Exchange END FR GGMMMZFMGLZM More
19-10-09	SatCom Group Hldgs - Notice of Results / Trading Update	RNS
RNS Number : 0250B SatCom Group Holdings plc 19 October 2009 `19 October 2009` SatCom Group Holdings Plc ("SatCom" or "the Group") Notification of results and trading update SatCom Group Holdings Plc (AIM: SGH), a leading reseller of mobile satellite communications equipment and airtime, is pleased to announce that it intends to release its preliminary results for the year ended 30 June 2009 on 13 November 2009. SatCom currently anticipates that revenues for the full year will be slightly ahead of market expectations. The Group's adjusted profit before tax figure is anticipated to be significantly ahead of the same figure in 2008, although marginally below current expectations. Ends - For further information: SatCom Group Holdings plc `Mark White, Chief Executive Officer Tel: +44 (0) 1722 439 206` `mark.white@satcomgroup.com www.SatComgroup.com` Martin Ward, Chief Financial Officer Tel: +44 (0) 1722 439 201 `martin.ward@satcomgroup.com www.SatComgroup.com` Arden Partners plc `Fred Walsh / Matthew Armitt Tel: +44 (0) 207 398 1651` fred.walsh@arden-partners.com www.arden-partners.co.uk Abchurch `Heather Salmond / George Parker / Mark Dixon Tel: +44 (0) 20 7398 7719` george.parker@abchurch-group.com This information is provided by RNS The company news service from the London Stock Exchange END NORCKCKNNBDDQKD More

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