Eutelsat Report Revenue Increase in 1st Half 2014-15

Paris, France, February 12, 2015–The Board of Directors of Eutelsat Communications (NYSE Euronext Paris: ETL) announced  financial results for the half-year ended  December 31, 2014. First Half revenues of €723 million up 4.3% on a like-for-like basis. EBITDA margin was 77.4%.

Net attributable income of €161 million up 9.1%, net margin of 22.2% Strong backlog of €6.1 billion, 4.4 years of revenues Eutelsat also confirmed full-year and three-year financial targets confirmed.

Commenting on the first half, Michel de Rosen, Chairman and CEO of Eutelsat Communications, said: ”Eutelsat’s half year results were in line with objectives, with like-for-like revenue growth of 4.3%, and an EBITDA margin of 77.4%. Video revenues are benefiting from additional capacity launched last year and from the positive dynamics of the Latin American market. Revenue trends in Data showed a slight improvement, while Value-Added Services reflected uptake on KA-SAT. In Government Services new contracts offset the lower renewals of the previous twelve months. A year on from its consolidation, Satmex continues to deliver in line with expectations and contributed positively to all applications."

"Based on performance of the first half, we remain on track to meet our full year objectives, in the context of a tougher comparison basis in the second half and the current environment in Russia. Our targets for the next two years are also confirmed. We are confident in the longer-term demand trends in our industry, and we are investing in our future development with industry-leading innovation projects like Eutelsat Quantum,” Rosen added.

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