Satellite operator/terminal builder Ovzon: Revenue, EBITDA, EBIT up sharply in 9M ending Sept 30; new loan frees up cash

by Peter B. de Selding

MOUNTAIN VIEW, Calif. — Fixed and mobile satellite operator and terminal manufacturer Ovzon of Sweden doubled its revenue in the nine months ending Sept. 30 and reported both EBITDA and EBIT profit after losses last year.

The company said its backlog at Sept 30 was four times larger than a year ago, at 1.02 billion Swedish krona ($107.7 million).

Persuaded that its service to military and public-service agencies is on a growth path, Ovzon Chief Executive Per Norén said during an Oct. 31 investor presentation that . . .

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