Eutelsat Posts Slight Increases in Revenues for Third Quarter and Nine Months Fiscal 2013-2014
Paris, France, May 15, 2014 – Eutelsat Communications today reported revenues for the third quarter and nine months ended 31 March 31, 2014. Revenues for the first nine months were up by 2.5%, at constant currency excluding non-recurring and Satmex revenues. Third quarter revenues were up by 1.5%, and by 6% including Satmex, which was consolidated from January 1, 2014. The total order backlog stood at the €5.8 billion.
Michel de Rosen, Chairman and CEO of Eutelsat Communications, said: “This quarter marked a significant step in Eutelsat’s international development with the closing of the acquisition of Satmex on 1 January 2014. Satmex brings strong growth potential from Latin America, one of the most dynamic markets for satellite services. In the third quarter, Video Applications revenues reflected the impact of the suspension of operations on certain frequencies at 28.5° East and the lack of available capacity at other key video neighbourhoods. The successful launch of the Express-AT1 and Express-AT2 satellites marks an important stage in our deployment plan that will add capacity in video markets in the fastest growing regions.The environment for Data services remains generally tough although Satmex has brought a new dynamic. Value-Added Services posted a further strong performance. In Multi-usage, third quarter 2013-2014 contract renewals were in the lower end of our expectations."
|
3rd quarter ended |
Change (in %) |
9 months |
Change (in %) |
|||||
|
2013 |
2014 |
reported |
excluding Satmex and at constant currency |
2013 |
2014 |
reported |
excluding Satmex and at constant currency |
|
|
Video Applications |
216.4 |
219.7 |
+1.5% |
- 1.2% |
647.1 |
650.2 |
+0.5% |
- 0.1% |
|
Data & Value-Added Services |
60.8 |
74.6 |
+22.7% |
- 1.1% |
185.6 |
201.6 |
+8.6% |
+2.1% |
|
Data Services |
46.7 |
54.1 |
+15.8% |
- 15.2% |
140.4 |
137.9 |
-1.8% |
- 10.5% |
|
Value-Added Services |
14.1 |
20.5 |
+45.7% |
+ 45.9% |
45.3 |
63.7 |
+40.7% |
+ 41.0% |
|
Multi-usage |
35.4 |
40.2 |
+13.7% |
+ 7.5% |
108.1 |
113.8 |
+5.3% |
+ 6.6% |
|
Other revenues |
2.6 |
7.8 |
NA |
NA |
8.0 |
23.6 |
NA |
NA |
|
Sub-total |
315.1 |
342.3 |
+8.6% |
+ 1.5% |
948.8 |
989.3 |
+4.3% |
+ 2.5% |
|
Non-recurring revenues |
7.7 |
- |
NA |
NA |
7.7 |
0.5 |
NA |
NA |
|
Total |
322.9 |
342.3 |
+ 6.0% |
-1.0% |
956.5 |
989.8 |
+3.5% |
+ 1.8% |
"The integration of Satmex is progressing well and the Latin American market continues to confirm its potential, with two multi-year contracts signed for the sale of High Throughput Payloads serving the Brazilian market, while Satmex’s order backlog has almost doubled over the last twelve months," de Rosen added.
Eutelsat confirms its full year objective of above 2.5% organic revenue growth (at constant currency excluding
non-recurring revenues and Satmex), while Satmex is well on track to add around US$70 million to revenues in the current fiscal year.
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