Published: 09.26 Europe/London, May 11, 2011
Eutelsat Communications has reported a strong third quarter in its 2010-2011 book year, with a revenue growth of 10% to €295.2 million. As a result, the company revised the full Year 2010-2011 revenues upward: they are now expected to be above €1,160 million.
Nine-month revenues are up 12.2% to €871.0 million. The satellite operator also said it experienced continued growth in all activities, with double-digit increases for data and value-added services and multi-usage.
Commenting on the group’s third quarter 2010-2011 revenues, Michel de Rosen, CEO of Eutelsat Communications, said in a statement: “We are delighted to report third quarter revenue growth of 10%. This growth was driven by further strong momentum in all our markets; an exceptionally strong contribution from our multi-usage activity as demand from government agencies was high; and by the continued optimisation of our in-orbit resources, with the fill rate standing at above 90% since 31st December 2010.
“We are raising our objective for the full year and now expect to deliver revenues of over €1,160 million. Looking ahead, demand remains strong in all of our regions and our significant fleet expansion plan in the coming years will ensure that we are well-positioned to capture this growth.”