Eutelsat hits all its Q1 numbers
November 4, 2010
By Chris Forrester
By any measure Paris-based Eutelsat’s latest numbers (for its Q1 to Sept 30) are impressive. Overall revenues are up 12.9 per cent to €285.6 million, while all its divisional metrics are also in extremely positive territory. Video is up 8.1 per cent, Data and value-added revenues are up 23.5 per cent and Eutelsat’s “multi-usage” division is up 25.8 per cent.
Despite last week’s lost satellite (W3B), guidance for the year is maintained unchanged, with annual revenues targeted at €1.12 billion, and an EBITDA of above €875 million for the full year.
Michel de Rosen, Eutelsat CEO said, “Eutelsat once again delivered double-digit revenue growth, reflecting the dynamism of all the Group’s markets, each of which reported a significant rise in sales. These quarterly revenues are in line with our expectations, underpinned by the full effect of the W7 satellite. Our Video business, which represents nearly 70 per cent of our activity, welcomed 92 HDTV channels and 279 new Standard Digital television channels over the past 12 months. Growth in the Data and Value Added Services activity was driven by sustained demand for capacity for Internet and GSM services. Despite the non-availability of the W3B satellite, we confirm the financial objectives, both for the current year and the 2010 -2013 guidance period, which we communicated to the market on July 30, 2010.”