our primary and indispensable objective must be expansion as the most significant factor in mitigating corporate risk and enhancing competitive edge. In such an increasingly challenging, dynamic, complex and unpredictable context, the non-systematic risk mitigation is the most Criticall factor for achieving success. A larger company is more international and innovative and, having a less rigid structure, it enjoys the benefits of an easier and significantly less expensive capital access and, attracting and retaining talents, becomes a synonym of greater competitiveness.
In order to create a value-added development and to constantly support and satisfy the financial interests of our stakeholders, it is of the utmost importance that the Company grows in a sustainable, forward-looking and balanced manner. The analysis of key performance indicators, displayed in our EVA financial report, points out a significantly positive trend but we must perform even better and faster to achieve the widely shared goal of making the Viasat Group a global player in the setting of IoT and Big Data Analytics.
EVA, in its most important meaning, reveals that a company’s size matters significantly. Small businesses risk to be swept away from the market or relegated to marginal niches and this applies even more to a market in which innovation and excellent technologies are an absolute must. The expansion should not compromise our flexibility and our capability to adapt to a constantly evolving competitive field, and we should remember that the issue of fast and timely turnaround to our partners’ satisfaction will be crucial in the upcoming years, as well as our credibility will depend on these aspects. The purpose of the transition to the neural organizational model we have decided to adopt is to make the decision-making process leaner, faster and even more effective. This model is aimed at making the Group’s talents the protagonists of an effective, reliable and targeted information sharing network. The goal is to convey the indispensable information only, with no background noise, to increase our effectiveness in the execution of plans in the shortest time. The world is moving in this direction through blockchain technology, allowing a fast, systemically robust information and data transfer that was hard to imagine, protecting privacy and data security. Decentralisation, transparency, reliability and risk reduction are cornerstones of this process. This is a great opportunity for our company since we considered the compliance with regulation 679/16 (GDPR) a strategic goal and a way to consolidate our success. Data is our core business. Every day, more than seven hundred co-workers put their expertise at our disposal to create unique, tailor-made solutions and transform data into successful opportunities for every Viasat client in the world. Collecting and storing data, turning it into information which our customers benefit from, respecting and protecting its confidentiality is what distinguishes our company and makes it unique.
These cornerstones are widely reflected in the Group’s financial communication, where timeliness, transparency and technical excellence have made the difference for more than ten years, becoming a fundamental tool in supporting business and development. Whereas finance is the maid of entrepreneurs in industrial business.
Our road has been full of satisfactions and we have been made strong and solid for the path ahead; we should walk on it, day after day, with enthusiasm and competence.
“It matters not how strait the gate,
How charged with punishments the scroll, I am the master of my fate:
I am the captain of my soul.“
Robert Thomas Hamilton Bruce
Venaria Reale. 25 March 2018