Solid first half year for Eutelsat
DetailsEditor | 12 February 2015
Leading satellite operator Eutelsat has made a pretty solid start to its fiscal 2015 with notable increases in revenues, profits and margin.
eutelsatFor the six months ended 31 December 2014, Eutelsat reported revenues of €723 million, up 4.3% on a like-for-like basis driving net attributable income of €161 million, itself up 9.1% compared with the same time in 2013. EBITDA margin was 77.4% while net margin amounted to 22.2%.
The company also logged a backlog of €6.1 billion, representing 4.4 years of revenues at current value.
Video revenues were boosted in the six months from additional capacity launched in the previous financial year and from the positive dynamics of the Latin American market, in particular where the contribution of the Stamen business was beginning to be felt.
"Eutelsat's half year results were in line with objectives, with like-for-like revenue growth of 4.3%, and an EBITDA margin of 77.4%," said Michel de Rosen, Chairman and CEO of Eutelsat Communications www.eutelsat.com, commenting on the first half results. "Revenue trends in data showed a slight improvement, while Value-Added Services reflected uptake on KA-SAT. In government services new contracts offset the lower renewals of the previous 12 months. A year on from its consolidation, Satmex continues to deliver in line with expectations and contributed positively to all applications."