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[Satellite TODAY 10-29-12] European FSS operator Eutelsat grew its revenues 6.5 percent in its 2012-2013 first quarter to reach 314.4 million euros ($406.3 million), driven by a 43.7 percent growth in value-added services, a 9.1 percent growth in video applications and capacity added in 2011 and 2012, according to the operator’s latest results issued Oct. 26.
Eutelsat said its multi-usage dropped 5.8 percent, due to limited capacity in regions of highest demand. The company finalized its acquisition of the Eutelsat 172A satellite during the cover, which aims expand the coverage of these high-demand areas.
Eutelsat CEO Michel de Rosen confirmed the operator’s current and three year organic growth targets and adjusted revenue targets to reflect the consolidation of Eutelsat 172A
“We are now focused on the launch of the Eutelsat 21B satellite in November, and the Eutelsat 70B satellite in December,” De Rosen said in a statement. “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. With the acquisition of Eutelsat 172A, our revenue outlook has been adjusted and we are now targeting top-line growth for the current fiscal year of between 5 and 6 percent and three-year compound annual growth to June 2015 of between 6 and 7 percent.”
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