Paris, May 7, 2013 – Eutelsat Communications (ISIN: FR0010221234 – Euronext Paris: ETL), one of the world’s leading satellite operators, today published its financial report for the third quarter and nine months ended 31 March 2013.
Commenting on the Group’s third quarter 2012-2013 revenues, Michel de Rosen, CEO of Eutelsat Communications, said:
“Third quarter revenues were up 4.6%. The performance of Video, our main business, accounting for almost 70% of revenues, was underpinned by sustained demand at key neighbourhoods over Europe, Africa, and the Middle East. Multi-usage revenues reflected the impact of US federal budget sequestration which significantly affected the outcome of contract negotiations during the quarter. This was partially offset by the integration of EUTELSAT 172A into the fleet.
The record order backlog of €5.5 billion was buoyed in particular by new long-term video contracts in North Africa and the Middle East, lending strong visibility on future revenues. We are pursuing our programme to deploy capacity on seven additional satellites by end 2015 to enable us to meet demand in the highest growth applications and regions, with the first, EUTELSAT 3D, on track for launch on May 14.
Our revenue objective for Full Year 2012-2013 is maintained, with a likely outturn at the lower end of the 5-6% range. Notwithstanding the current investment in our overall commercial activity, the Group’s EBITDA margin is now expected to be around 77.5%.”
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