Eutelsat Fiscal Year 2013-14 Results in Line with Objectives
Paris, France, August 1, 2014--Eutelsat's financial results for the year ended 30 June 30, 2014 was in line with revenue growth objectives of the company. Revenue growth was 2.6%. EBITDA margin ws 76.7% and backlog reached record levels of €6.4 billion.
The Board of Directors of Eutelsat proposed dividend of €1.03 per share, payout ratio of 75%. Eutelsat's Board expects topline growth acceleration in next three years and high level of profitability maintained.
”Eutelsat’s full year results were in line with objectives, with revenue growth above 2.5% and an EBITDA margin at a high level of 76.7%. The integration of Satmex is being executed smoothly with its financial contribution fulfilling our expectations. Our backlog stands at an all-time high of €6.4 billion, confirming the long term positive dynamics in our existing and new markets. The Board of Directors recommends a dividend of €1.03 per share, implying a payout ratio of 75%, at the top end of our policy range," said Michel de Rosen, Chairman and CEO of Eutelsat Communications.
"Additional capacity coming on stream will allow us to accelerate topline growth in the coming three years. This growth will be principally driven by video and selected opportunities in broadband and mobility in fast growing markets, notably in Latin America and in Asia Pacific. We are committed to our high level of profitability, and will remain selective on capital expenditure that supports our development. This will allow us to strengthen our balance sheet and maintain an attractive level of dividend,” Rosen added.
Related Articles:
Yohann Leroy Appointed Eutelsat Chief Technical Officer
Interview with Markus Fritz, Director of Commercial Development and Strategy of Eutelsat
