*FY2013-2014 figures include 6 months of Satmex operations, as the acquisition of Satmex was closed on 1st January 2014.
** Proforma EBITDA including July to December 2013 Satmex EBITDA of USD51.0 million converted at EUR/USD exchange rate of 1.349

Commenting on the full year 2013-2014 results, Michel de Rosen, Chairman and CEO of Eutelsat Communications, said:

”Eutelsat’s full year results were in line with objectives, with revenue growth above 2.5% and an EBITDA margin at a high level of 76.7%. The integration of Satmex is being executed smoothly with its financial contribution fulfilling our expectations. Our backlog stands at an all-time high of €6.4 billion, confirming the long term positive dynamics in our existing and new markets. The Board of Directors recommends a dividend of €1.03 per share, implying a payout ratio of 75%, at the top end of our policy range.

Additional capacity coming on stream will allow us to accelerate topline 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. We are committed to our high level of profitability, and will remain selective on capital expenditure that supports our development. This will allow us to strengthen our balance sheet and maintain an attractive level of dividend.”

Note: unless otherwise stated, all growth indicators or comparisons are made in comparison with the previous fiscal year or June 30, 2013. The share of each application as a percentage of total revenues is calculated excluding “other revenues” and “non-recurring revenues”.