Sats’ acquisition target WFS posts 58.7 million euros in adjusted Ebitda for Q4
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Tay Peck Gek
THE acquisition target of Sats – Worldwide Flight Services (WFS) – has posted a 16.5 per cent jump in its adjusted earnings before interest, tax, depreciation and amortisation (Ebitda) to 58.7 million euros (S$83.7 million) for the fourth quarter to December.
Adjusted Ebitda is defined by WFS as Ebitda plus income tax and correction of non-recurring items such as restructuring costs.
If the acquisitions WFS made in the United States in 2021 had been consolidated from January 2021 (pro forma 2021 results), then the adjusted Ebitda would be 7.4 per cent lower year on year, according to its preliminary results published on Monday (Feb 13).
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