2017 Annual Report to Shareholders
2017 was a transformative year for Speedcast as we became the largest remote communications services provider in the world, following the Harris CapRock transaction that closed on 1 January 2017. We drove the integration of Speedcast and Harris CapRock to build a platform with unmatched scale and capabilities - positioning our Group well for future growth in 2018 and beyond. As Company Chairman, it is my pleasure to present the Speedcast International Limited ('Speedcast') annual report.
Today Speedcast serves customers in more than 100 countries around the world. To keep ahead of the market and meet the needs of our customers we are changing our role from just being a satellite services provider to becoming a communications partner. We are a leading force on the global communications landscape making use of 70+ satellites and 40 teleports, fibre, and cellular networks, and the ability to customize end-to-end managed solutions - leading to strategic, long-term partnerships with our customers.
Despite a difficult operating environment in 2017, Speedcast significantly grew both revenue and EBITDA organically and acquisitively thanks to a sound growth plan, a talented team and focused execution. We made innovative moves to enhance our product portfolio and expanded our footprint and infrastructure to enable Speedcast to provide best-in-class services and support to our customers throughout 2018.
I would like to acknowledge the service of our Directors, staff and management team led by Mr. Pierre-Jean Beylier, our CEO, and thank them for their dedication to Speedcast. Thank you for your vision, leadership and your dedication to our team and company. Most of all I want to thank our customers for their trust and confidence in Speedcast to deliver the critical communications that are essential to their business operations.
As we head into 2018 we will continue to value feedback from our customers and employees to help build on the success of last year and generate profitable growth for our investors.
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About Speedcast International Ltd
Speedcast International Ltd (ASX:SDA) is the largest provider of remote communications and IT services in the world. Speedcast's fully managed service is delivered via a leading global, multi-access-technology, multi-band and multi-orbit network of 70+ satellites and an interconnecting global terrestrial network, bolstered by extensive on the ground local support from 40+ countries. This global "network of networks" allows customers to fully rely on the most robust, integrated infrastructure available in the market for their mission critical applications. Speedcast is uniquely positioned as a strategic business partner, tailoring communications, IT and digital solutions to meet unique customer needs and enable business transformation. Speedcast extends its managed services through differentiated technology offerings including cyber-security, crew welfare, content solutions, data & voice applications and network systems integration services. With a passionate customer focus and a strong safety culture, Speedcast serves more than 2,000 customers in over 140 countries in sectors such as Maritime, Energy, Mining, Enterprise, Media, Cruise, NGOs and Government. Learn more at Speedcast.
Speedcast International Ltd