Posted on: 25 August 2010 by Ross McSweeny
inmarsat has awarded Thrane & Thrane a DKK25 million (€3.3 million) contract to upgrade and add new functionality to the Broadband Global Area Network (BGAN) that supports the aeronautical SwiftBroadband and other high-speed mobile communications services.
The Danish satcom specialist recorded a 25 per cent increase on revenues for the first quarter of its 2010/11 financial year, from DKK218 million to DKK251 million, a result mainly attributable to stronger sales in the maritime and land mobile markets.
Operating profit increased to DKK39 million from DKK5 million, equivalent to an operating margin of 15.4% (2.5%). Q1 profit increased from just DKK1 million to DKK27 million, and the company expects operating margin for the full year to be 12-14 per cent rather than the 11-13 per cent previously forecast. Revenue forecast is DKK1,075-1,125 million (2009/10: DKK1,051 million).
“We got off to a good start to the financial year with revenue and earnings growing strongly," says CEO Walther Thygesen. "Obviously, we are pleased with the strong performance, which strengthens our confidence that Thrane & Thrane is getting back on the track to prior years’ growth.”
The Inmarsat contract, meanwhile, is already under development with Thrane & Thrane’s systems division, which expects the full feature set to be available on Inmarsat’s network during 2011. The BGAN upgrades will allow for an enhanced range of services and capabilities across the entire network.
“Thrane & Thrane have been instrumental in the on-going development of the BGAN system, and we are delighted to be working with them on this next stage of its evolution,” says Richard Denny, senior vice president of global networks and engineering at Inmarsat. “We look forward to the improved functionality that this latest set of enhancements will deliver to users globally.”
“Thrane & Thrane played an important part in developing the entire BGAN infrastructure and by developing these new advanced features we are continuing our role as a key technology player for Inmarsat’s global L-band networks,” adds Kim Gammelholm, senior vice president, systems, at Thrane & Thrane. “This in turn helps us to provide our customers across the land mobile, maritime and aeronautical sectors with the most technically advanced and fit for purpose communications systems based on Inmarsat’s BGAN service.”