Eutelsat forecasts full-year revenues in the region of €1.22BN

Pascale Paoli-Lebailly ©RapidTVNews | 11-05-2012



Satellite operator Eutelsat has posted Q3 revenue up 4.6% to €308.7 million, pointing out a sustained 6.3 % growth in Video Applications, the Group's largest activity which was worth €211 million.

Nine-month revenues are up 4.6% to €911.2 million (+5.6% at constant currency).However, the full year 2011-2012 revenues are now expected at around €1.220 billion with an EBITDA target around €955 million, compared with the previous estimate of above €1.235 billion.

Regarding the third quarter of 2012 ended 31 March 2012, Eutelsat also noted strong performance by its value-added services division that offset a decline in Data Services. Multi-usage is also up 13.3%.

Its order backlog is valued at €5.36 billion.

Commenting on the results, CEO Michel de Rosen said “some factors, however, are proving more challenging, notably a more competitive environment in the Balkans and in Africa, partial delays in the rollout of Ka-band professional services, and a significant slowdown in the Multi-usage activity following the latest contract renewal campaign. “