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EUTELSAT Communications Third Quarter
and Nine Month 2013 -2014 Revenues
First nine months revenues up
2.5% at constant currency and excluding non-recurring
revenues and Satmex, in line with annual objective
15 May 2014
Eutelsat Communications today
reported revenues for the third quarter and nine months
ended 31 March 2014.
Revenues by business application
(in millions of euros)
|
3rd quarter ended
March 31
|
Change (in %)
|
9 months
ended
March 31
|
Change (in %)
|
|
2013
|
2014
|
reported
|
excluding
Satmex and at constant currency
|
2013
|
2014
|
reported
|
excluding
Satmex and at constant currency
|
|
Video Applications
|
216.4
|
219.7
|
+1.5%
|
- 1.2%
|
647.1
|
650.2
|
+0.5%
|
- 0.1%
|
|
Data & Value-Added
Services
|
60.8
|
74.6
|
+22.7%
|
- 1.1%
|
185.6
|
201.6
|
+8.6%
|
+2.1%
|
|
Data
Services
|
46.7
|
54.1
|
+15.8%
|
- 15.2%
|
140.4
|
137.9
|
-1.8%
|
- 10.5%
|
|
Value-Added
Services
|
14.1
|
20.5
|
+45.7%
|
+ 45.9%
|
45.3
|
63.7
|
+40.7%
|
+ 41.0%
|
|
Multi-usage
|
35.4
|
40.2
|
+13.7%
|
+ 7.5%
|
108.1
|
113.8
|
+5.3%
|
+ 6.6%
|
|
Other revenues
|
2.6
|
7.8
|
NA
|
NA
|
8.0
|
23.6
|
NA
|
NA
|
|
Sub-total
|
315.1
|
342.3
|
+8.6%
|
+ 1.5%
|
948.8
|
989.3
|
+4.3%
|
+ 2.5%
|
|
Non-recurring revenues
|
7.7
|
-
|
NA
|
NA
|
7.7
|
0.5
|
NA
|
NA
|
|
Total
|
322.9
|
342.3
|
+ 6.0%
|
-1.0%
|
956.5
|
989.8
|
+3.5%
|
+ 1.8%
|
Michel de Rosen, Chairman and CEO of Eutelsat
Communications, said:
“This quarter marked a significant step in Eutelsat’s
international development with the closing of the
acquisition of Satmex on 1 January 2014. Satmex brings
strong growth potential from Latin America, one of the most
dynamic markets for satellite services.
Revenues for the first nine months were up by 2.5%, at
constant currency excluding non-recurring revenues and
Satmex, in line with our annual objective. Third quarter
revenues were up by 1.5%, and by 6% including Satmex, which
was consolidated from the 1 January. The total order backlog
stood at the high level of €5.8 billion, providing excellent
visibility, notably in Video.
In the third quarter, Video Applications revenues reflected
the impact of the suspension of operations on certain
frequencies at 28.5° East and the lack of available capacity
at other key video neighbourhoods. The successful launch of
the Express-AT1 and Express-AT2 satellites marks an
important stage in our deployment plan that will add
capacity in video markets in the fastest growing regions.The
environment for Data services remains generally tough
although Satmex has brought a new dynamic. Value-Added
Services posted a further strong performance. In
Multi-usage, third quarter 2013-2014 contract renewals were
in the lower end of our expectations.
The integration of Satmex is progressing well and the Latin
American market continues to confirm its potential, with two
multi-year contracts signed for the sale of High Throughput
Payloads serving the Brazilian market, while Satmex’s order
backlog has almost doubled over the last twelve months.
The group confirms its full year objective of above 2.5%
organic revenue growth (at constant currency excluding
non-recurring revenues and Satmex), while Satmex is well on
track to add around US$70 million to revenues in the current
fiscal year.”
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