EMEA Markets - Latest Developments
SES S.A. has posted revenues of US$568.12 million (€440.8 million) for its latest quarterly results, down 2.1 percent year-on-year. EBITDA for the three months ended March 31 reached US$414.00 million (€321.2 million), down 4.8 percent.
SpaceTech Expo (www.spacetechexpo.com ) the West Coast’s premier space industry event, has increased the free seminars and sessions available to its attendees by expanding its free-to-attend Satellite & Space Summit and Open Tech Forum. “Against the backdrop of tough travel budgets for industry and government, we want to offer unrivalled value to the spacecraft and launch industry,” says Guy Harris, Event Director for Space Tech Expo 2013. “That is why on top of our premium Space Tech Conference for C-level business people, we have expanded the free-to-attend Satellite & Space Summit, and free Open Tech Forum.”
KVH Industries, Inc. announced that it has acquired Headland Media Limited, a UK-based media and entertainment services company. Headland Media is a provider of commercially licensed news, sports, movies, and music content that they sell in the maritime, hotel, and retail markets.
Mobile satellite communications company Inmarsat has acquired TC Communications Pty Ltd. based in Australia. Inmarsat will integrate the company into its existing operations with a particular focus on supporting its expanding Global Government and Enterprise Business Units, according to a company statement.
Intelsat S.A. reported revenues of US$ 655.1 million and a net loss of US$ 7.8 million, or $0.09 per share, during the first quarter of 2013. Intelsat also reported an EBITDA or earnings before net interest, taxes and depreciation and amortization, of US$ 496.8 million, and Adjusted EBITDA1 of US$ 505.8 million, or 77 percent of revenue, for the first quarter. The company said it has contracted backlog amounting to $10.4 billion at the end of the quarter.
Gilat Satellite Networks Ltd. said revenues rose 8 percent to US$ 82.8 million while EBITDA increased to US$ 5.1 million, up 74 percent, during the first quarter of 2013.
On a non-GAAP basis, Gilat said its operating income for the first quarter of 2013 was $1.0 million compared to an operating loss of $0.3 million in the first quarter of 2012. Net loss for the period on a non-GAAP basis was $0.3 million, or $0.01 per diluted share, compared to net loss of $0.8 million, or $0.02 per diluted share, in the comparable period in 2012.
Eutelsat Communications posted US$422.76 million (€322.9 million) revenues for the third quarter of fiscal year 2012-2013, up 4.6 percent, and recorded nine-month revenues of US$1.25 billion (€956.5 million), up 5 percent from the same period last year.
The European satellite operator said it now has a record backlog of US$7.2 billon (€5.5 billion) with revenue outlook for FY 2012-2013 in the 5-6 percent range and an EBITDA margin of around 77.5 percent.
SPACE TECH EXPO 2013, (www.spacetechexpo.com) the West Coast’s major space industry gathering and one of the largest events of its type in the world, brings together global decision makers involved in the design, build, and testing of spacecraft, satellite, launch vehicle, and space-related technologies.
GVF’s recent Rio de Janeiro conference, Oil & Gas Communications Brazil 2013: Big Oil, the Deep-Water Ocean Expanse, and Big Data was lauded as a great success by attendees, speakers, and sponsors alike; a very satisfactory precursor to both the next event in the GVF-EMP Oil & Gas Communications Conference Series, and, indeed, to the GVF High Throughput Satellite (HTS) Roundtable.
Telesat Holdings Inc.’s first-quarter revenues increased by 12 percent year-over-year to US$217 million (CAD 219 million) while EBITDA increased 12 percent to US$ 168 million (CAD 170 million).
Telesat said revenue growth was principally the result of the successful deployment of the Nimiq 6 satellite in the second quarter of 2012 and higher equipment sales.
Operating expenses of US$49.6 million (CAD50 million) were 40% US$32.7 (CAD33 million) lower than for the same period in 2012. The adjusted EBITDA margin was unchanged at 78 percent.
