Solid Q1 2012 growth for SES
Editor ©RapidTVNews | 11-05-2012
Leading satellite operator SES has made a solid start to 2012 with steady increases in profits, revenues and EBITDA.
Specifically the company whose satellite are used by many of the leading DTH TV operators in Europe including BSkyB, reported revenue of €450.2 million, a 5.1% year on year increase; EBITDA of €337.3 million, up 4.9%; and a group profit of €151.2 million.
The company believes that the results are in line with expectation and will provide a springboard for what is hopefully a profitable 2012 that contains sporting events such as the Euro 2012 football championship and the London Olympics.
During the quarter, SES launched its SES-4 satellite, the 50th satellite in the fleet, from which it will activate up to 124 transponders in the Atlantic Ocean region, serving the Americas as well as the EMEA region, and representing a significant growth driver for the group.
Commented President and CEO Romain Bausch: “Satellite infrastructure has continued to develop well in the key European DTH TV markets, as shown by the 2011 Satellite Monitor survey published in March. A major milestone was passed as satellite's market reach grew beyond that of cable and of terrestrial reception, clear evidence of the market's preference for satellite. HDTV is driving this positive development, with a number of capacity agreements having been signed, notably in Germany following the analogue switch-off at the end of April.”