Eutelsat reports first quarter revenue gain of 6.5%
Pascale Paoli-Lebailly | 27-10-2012
Satellite operator Eutelsat Communications has posted first quarter revenue gains of 6.5% to 314.4m.
Video applications were up 9.1%, driven by satellite capacity added in 2011-2012 and data and value added services increase of 2.5%, with strong growth of value added services (+43.7%).
Multi-usage slowed down to 5.8%, reflecting limited capacity in regions of highest demand.
Eutelsat, which mentions the finalised acquisition of Eutelsat 172A (formerly GE-23) and an expanding coverage of high growth regions, confirmed its current and three-year organic growth targets.
The group's revenue targets have been adjusted to reflect the consolidation as of 25 September 2012 of Eutelsat 172A, and now stands at +5-6% for 2012-13, with CAGR of 6-7% to June 2015 (versus +3-4% and 5-6% respectively prior to the acquisition).
We are now focused on the launch in November of the Eutelsat 21B satellite, and in December of the Eutelsat 70B satellite. Both spacecraft are already at their respective launch facilities and preparations are proceeding according to schedule. These two satellites will significantly increase our resources for markets in the Middle East, Africa and Asia where demand remains robust for data services and multi-usage, said CEO Michel de Rosen.