Quarterly revenues in line with objectives:
Revenues up 2.9% to €323.5 million (+4.0% at constant currency and excluding non-recurring revenues)
- Video Applications up 0.4%, reflecting the lack of incremental capacity and a high fill-factor at the Group’s key video neighbourhoods
- Data and Value-Added Services up 8.5%, with strong growth of Value-Added Services (+42.4%)
- Multi-usage up 8.1% with the integration of EUTELSAT 172A
Backlog at €5.4 billion, up 3.9 % year-on-year
Outlook: current year and three year targets confirmed, excluding Satmex, and pending outcome of on-going discussions with SES relating to disputed frequencies at 28.5° East
Paris, 29 October 2013 – Eutelsat Communications (ISIN: FR0010221234 – Euronext Paris: ETL) today reported revenues for the first quarter ended 30 September, 2013.
| Business applications | First quarter ended 30 September | ||
| In millions of euros | 2012 | 2013 | Change |
| Video Applications | 216.3 | 217.1 | +0.4% |
| Data & Value Added Services | 61.1 | 66.3 | +8.5% |
| Data Services | 44.9 | 43.2 | -3.8% |
| Value Added Services | 16.2 | 23.0 | +42.4% |
| Multi-usage | 34.1 | 36.8 | +8.1% |
| Other revenues | 3.0 | 3.0 | +1.6% |
| Total excluding non-recurring revenues | 314.4 | 323.2 | +2.8% |
| Non-recurring revenues | – | 0.3 | NS |
| Total revenues | 314.4 | 323.5 | +2.9% |
Note: unless otherwise stated, all growth indicators or comparisons are made against the first quarter of the previous fiscal year or 30 September 2012. The share of each application as a percentage of total revenues is calculated excluding “other revenues” and “non-recurring revenues”.
Commenting on the first quarter, Michel de Rosen, Eutelsat Chairman and CEO said:
“Eutelsat delivered first quarter 2013-2014 revenues in line with objectives. The performance of Video Applications reflects the lack of available capacity for this activity, which will be addressed with future fleet deployments. The Group’s main video neighbourhoods saw good channel growth, demonstrating the positive underlying trend in our main application. Data and Value-Added Services revenues were underpinned by the growing contribution from Value-Added Services, up 42% in the quarter. Revenues also factored in the effect of the acquisition of EUTELSAT 172A for Data Services and Multi-usage.
This quarter saw the announcement of the acquisition of Satmex which, together with our multi-band EUTELSAT 65 West A satellite to be launched to 65° West will equip us to scale up our presence in the dynamic Latin American markets. Our in-orbit resources for North Africa, Middle East and Central Asia markets continues to expand with the entry into service today of the EUTELSAT 25B satellite launched in August. Our deployment plan for the remainder of the current and the coming two years is on track, bringing additional capacity that will principally serve video markets in the fastest growing regions, notably Russia, the Middle East and Africa.
Our financial objectives remain unchanged for the current and following two years. They will be adjusted once the Satmex acquisition is closed, and if necessary in the context of the current discussions with SES on the 28°5 East situation.”
About Eutelsat Communications (www.eutelsat.com)
With capacity commercialised on 31 satellites delivering reach of Europe, the Middle East, Africa, Asia, significant parts of the Americas and the Asia-Pacific, Eutelsat Communications (Euronext Paris: ETL, ISIN code: FR0010221234) is one of the world’s leading satellite operators. As of 30 June 2013, Eutelsat’s satellites were broadcasting more than 4,600 television channels to over 200 million cable and satellite homes in Europe, the Middle East and Africa. The Group’s satellites also provide a wide range of services for TV contribution, corporate networks and fixed and mobile broadband markets. Headquartered in Paris, Eutelsat and its subsidiaries employ over 780 commercial, technical and operational professionals from 30 countries.
