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Eutelsat Communications Reports Record Revenue Growth in the First Quarter 2009-2010: +11.6%November 5, 2009 2:28 AM ET PARIS, November 5 /PRNewswire-FirstCall/ --
- Strong Revenue Increase Across All Business Applications:
- Video: +8.5%, Driven by Take-up of Digital TV in Emerging Markets and
by Growth of HDTV
- Data and Value-Added Services: +16%, Continued Solid Demand, Notably in
Africa and the Middle East
Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris: ETL), one
of the world's leading satellite operators, today reported financial
information for the first quarter ended
Revenues by business application
First quarter ended Change
September 30
In millions of euros 2008 2009 In %
Video Applications 166.7 180.8 +8.5%
Data & Value Added Services 41.1 47.7 +16.0%
Multi-usage 15.6 22.9 +46.2%
Others 3.2 1.7 -
Total 226.7 253.0 +11.6%[1]
Commenting on performance during the first quarter 2009-2010, Our commercial efforts are supported by the ongoing dynamic of digital broadcasting and broadband services. Positioned at the heart of our business, these two activities fundamentally require satellites to serve users directly and to feed or complement terrestrial networks. Our video business has also benefited from the expansion of HDTV which requires on average 2.5 times the bandwidth used by a Standard Digital channel. Meanwhile, increased initiatives at national and regional levels to deliver broadband to users beyond range of ADSL are stimulating demand for our value-added broadband services for businesses, communities and consumers. With the pursuit of our ambitious strategy, backed by strong structural assets and markets showing significant potential for growth, Eutelsat can be confident of meeting our objectives and continuing our trajectory of lasting and profitable growth." FIRST QUARTER 2009-2010 REVENUE ANALYSIS Note: Unless otherwise stated, all growth indicators or comparisons are
made against the first quarter of the previous fiscal year or The excellent performance achieved in the first quarter (+11.6%) reflects
strong growth across all applications. The period fully benefited from an
increase in in-orbit resources following the entry into service of three
satellites over the last nine months and the redeployment of five satellites
already in orbit. This additional capacity enabled Eutelsat to leverage the
strong commercial momentum of buoyant markets in Central and VIDEO APPLICATIONS (71.9% of revenues) Video Applications registered sustained increase in revenue (+8.5%) to
This strong performance was driven by the following:
- For European markets, the successful launch of HOT BIRD(TM) 9 and the
redeployment of EUROBIRD(TM) 9A[2] and EUROBIRD(TM) 16[3] further
anchored the leadership of the premium HOT BIRD(TM) video
neighbourhood, and enabled the Group to increase capacity at 9 degrees
East and 16degrees East in order to enhance customer service.
Growth in the first quarter consequently reflects the full effect of
contracts concluded over the last nine months through dynamic
management of in-orbit resources. Significant long-term contracts
include Sky Italia (Italy) and Cyfrowy Polsat (Poland) at the
HOT BIRD(TM) position, contracts at 9 degrees East with Hello HD
(Hungary) and Platforma HD (Russia) and at 16 degrees East with SBB
(Serbia) for the Total TV platform and with Globecast to broadcast
channels produced by TVR, Romania's national public broadcaster.
- In Middle East and African markets, Eutelsat's broadcasting resources
at 7 degrees West almost doubled with the entry into service of
ATLANTIC BIRD(TM) 4A. This satellite equips the Group to capture
opportunities presented by the rapid take-up of digital TV in these
regions within the framework of the strategic agreement concluded with
the Egyptian operator, Nilesat. The number of channels broadcast at
this neighbourhood rose by 64% year-on-year to 247 channels at
September 30, 2009.
- High Definition TV which increased at each of the Group's video
neighbourhoods. In total, the number of HDTV channels broadcast by
Eutelsat's fleet rose by over 60% during the period to break the
barrier of 100 channels. With a share exceeding 40% of HDTV channels
broadcast over Europe, Russia and the Middle East, Eutelsat reinforced
its pole position in this growing market.
DATA AND VALUE-ADDED SERVICES (19% of revenues) The 17.8% increase in Data Services revenues at
- The activation of recently signed contracts, notably with British
Telecom and Hughes Network Systems;
- The entry into service of the W2A satellite whose excellent coverage of
Europe and Africa enabled increased capacity to be leased in particular
by ACS Angola, Globecast, Telespazio, SkyVision and the London
Satellite Exchange (a subsidiary of Astrium Services).
Revenue from Value-Added Services continued to rise steadily to MULTI-USAGE (9.1% of revenues) Multi-usage services (up 46.2% to Other revenues and one-off revenues The slight UPCOMING SATELLITE LAUNCH: W7 The Group continues to execute its in-orbit expansion programme which
encompasses the launch of five satellites by end 2011. The W7 satellite is
currently in final stages of preparation for launch on Built for Eutelsat by Thales Alenia Space, Eutelsat's newest and most powerful satellite to date will be colocated with W4 at 36degrees East to double resources at one of Eutelsat's fastest-growing neighbourhoods. Through a configuration of up to 70 transponders connected to five
high-performance fixed and steerable beams, W7 will provide coverage of
Financial calendar The financial calendar below is provided for information purposes only. It is subject to change and will be regularly updated.
- November 10, 2009: Annual Shareholders' Meeting
- February 18, 2010: earnings for the first half ended December 31, 2009
- May 12, 2010: financial report for third quarter ended March 31, 2010
- July 29, 2010: earnings for the full year ended June 30, 2010
About Eutelsat Communications Eutelsat Communications (Euronext Paris: ETL, ISIN code: FR0010221234) is
the holding company of Eutelsat S.A.. With capacity commercialised on 27
satellites that provide coverage over the entire European continent, as well
as the http://www.eutelsat.com
Appendix
Revenue breakdown by application (in percentage of revenues)*
3 months ended 30 September 2008 2009
Video Applications 74.6% 71.9%
Data & Value-Added Services 18.4% 19.0%
........of which Data Services 14.1% 14.7%
........of which Value-Added Services 4.3% 4.3%
Multi-usage 7.0% 9.1%
Total 100% 100%
* excluding other revenues and one-off revenues (EUR3.2 million in Q1
2008-2009 and EUR1.7 million in Q1 2009-2010)
Quarterly revenues by business application
3 months ended
In millions 30/09/2008 31/12/2008 31/03/2009 30/06/2009 30/09/2009
of euros
Video Applications 166.7 169.8 172.3 170.8 180.8
Data & Value-Added
Services 41.1 43.2 42.3 46.4 47.7
....of which Data 31.4 33.1 33.1 36.6 36.9
Services
....of which 9.7 10.1 9.2 9.8 10.7
Value-Added
Services
Multi-usage 15.6 19.3 19.7 20.8 22.9
Other 3.2 4.5 2.2 0.8 1.7
Sub-total 226.7 236.8 236.5 238.8 253.0
One-off revenues[6] - - - 1.8 -
Total 226.7 236.8 236.5 240.5 253.0
Estimated satellite launch schedule
Satellite Expected orbital Estimated launch Transponders
position
W7 36degrees East 23 November 2009 70 Ku
W3B 16degrees East Q2 2010 53 Ku / 3 Ka
KA-SAT 13degrees East Q4 2010 > 80 Ka beams
W3C 7degrees East Q3 2011 56 Ku
ATLANTIC BIRD(TM) 7 7degrees West Q4 2011 50 Ku
Note: Satellites generally enter into service one to two months after
launch.
Eutelsat's fleet changes since Q4 2008-2009:
- April 2009: entry into service of ATLANTIC BIRD(TM) 4A at 7degrees West
to serve North Africa and Middle-East ;
- May 2009: entry into service of W2A at 10degrees East for Data and
Value-Added Services in Ku-band and C-band ;
- May 2009: redeployment of ATLANTIC BIRD(TM) 4 (renamed EUROBIRD(TM) 16)
at 16degrees East for Central Europe ;
- June 2009: redeployment of W1 (renamed EUROBIRD(TM) 4A) at 4degrees
East for Multi-usage services.
---------------------------------
[1] At constant exchange rate, revenue growth would have been 11.9%
[2] Previously HOT BIRD(TM) 7A [3] Previously ATLANTIC BIRD(TM) 4 [4] The D- STAR service provides Internet access and Virtual Private
Networks to enterprises and institutions in regions with inexistent
or unreliable terrestrial broadband infrastructure.
[5] The Tooway(TM) service, both in Ka-band and Ku-band, provides broadband
access to homes beyond range of terrestrial networks.
[6] Non-recurring revenues comprise late delivery penalties and outage
penalties.
For further information
Press
Vanessa O'Connor
Tel: +33-1-53-98-38-88
voconnor@eutelsat.fr
Frederique Gautier
Tel: +33-1-53-98-38-88
fgautier@eutelsat.fr
Investors
Gilles Janvier
Tel: +33-1-53-98-35-30
investors@eutelsat-communications.com
SOURCE Eutelsat Communications Copyright 2009 PR Newswire
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