Eutelsat forecasts E1bn turnover

Eutelsat Communications has raised its outlook for 2009-10 after reporting first half revenues increased by 9.6 per cent to E508 million. EBITDA increased by 9.7 per cent to reach E411.6 million for the six months ending December 31st, 2009.

The number of TV channels available through the Eutelsat fleet stood at 3,448 as of December 31st 2009, an increase of 7.1 per cent. The number of HD channels surpassed 100 following an increase of 27 over the last year. Video applications increased by 7.4 per cent as three new satellites entered programme service and another three were redeployed.

Commenting on the first half 2009-2010 results, Michel de Rosen, CEO, said: “New satellite resources deployed during the past 12 months have been rapidly leased, enabling our revenues to increase by 9 per cent. Eutelsat continues to benefit from a very high level of profitability. With this momentum, we are revising upwards our revenue objective to more than E1.02 billion with EBITDA in excess of E795 million for the current fiscal year. For the 2009-2012 period, we are now targeting a compound annual revenue growth rate of more than 7 per cent”.

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