Eutelsat reports steady revs rise as it gets set for Asia Pac launch
Editor
| 31 July 2014
Leading satellite operator Eutelsat has revealed its full 2013/2014 results, showing revenues rising in line with expectations by 2.6% to total €1.347 billion.
Such income was the driving force for EBITDA breaking the billion euro barrier to €1.347 billion, a margin of 77.6%, and the company also reported a record backlog of €6.4 billion. The figures included six months of Satmex operations, as the acquisition of the Mexican satellite firm closed on 1 January 2014, and financial contribution was fulfilling expectations, said chairman and CEO Michel de Rosen.
He added: "The integration of Satmex is being executed smoothly ... Our backlog stands at an all-time high of €6.4 billion, confirming the long-term positive dynamics in our existing and new markets. Additional capacity coming on stream will allow us to accelerate top-line 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."
As proof of its of activity in the latter territory, Eutelsat revealed that it had sealed procurement and launch contracts with Airbus Defence and Space and Arianespace for the triple-mission EUTELSAT 172B satellite designed to provide continuity and expansion capacity at the 172° East orbital position that is a prime gateway for services in the Asia Pacific region. The craft will be launched by an Ariane 5 rocket in first half 2017 and will host regular C-band (14 physical transponders) and Ku-band (36 physical transponders) payloads. It will also host the Pacific Ocean Region's first Ku-band high throughput payload that Panasonic Avionics Corporation has already selected as its key growth platform for in-flight broadband and live TV for commercial airlines on trans-Pacific and Asian routes.
Editor
| 31 July 2014
Leading satellite operator Eutelsat has revealed its full 2013/2014 results, showing revenues rising in line with expectations by 2.6% to total €1.347 billion.
Such income was the driving force for EBITDA breaking the billion euro barrier to €1.347 billion, a margin of 77.6%, and the company also reported a record backlog of €6.4 billion. The figures included six months of Satmex operations, as the acquisition of the Mexican satellite firm closed on 1 January 2014, and financial contribution was fulfilling expectations, said chairman and CEO Michel de Rosen.
He added: "The integration of Satmex is being executed smoothly ... Our backlog stands at an all-time high of €6.4 billion, confirming the long-term positive dynamics in our existing and new markets. Additional capacity coming on stream will allow us to accelerate top-line 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."
As proof of its of activity in the latter territory, Eutelsat revealed that it had sealed procurement and launch contracts with Airbus Defence and Space and Arianespace for the triple-mission EUTELSAT 172B satellite designed to provide continuity and expansion capacity at the 172° East orbital position that is a prime gateway for services in the Asia Pacific region. The craft will be launched by an Ariane 5 rocket in first half 2017 and will host regular C-band (14 physical transponders) and Ku-band (36 physical transponders) payloads. It will also host the Pacific Ocean Region's first Ku-band high throughput payload that Panasonic Avionics Corporation has already selected as its key growth platform for in-flight broadband and live TV for commercial airlines on trans-Pacific and Asian routes.