- 1 –
PR/32/07
EUTELSAT COMMUNICATIONS REPORTS REVENUE FOR THE FIRST QUARTER 2007-2008
AND ANNOUNCES MID-TERM GROWTH OBJECTIVES
•
Continued revenue growth: + 6.2% compared to first quarter 2006-2007
o
Sustained development of Video Applications : +10.7%
o
Growth of Value-Added Services : +10.6%
•
Confirmation of objectives for the 2007-2008 financial year
o
Revenue between 840 and 850 million euros
o
EBITDA margin above 77.5%
•
Objectives for growth over three years 2007-2010
1
o
Revenue CAGR in excess of 5.5%
2
o
EBITDA margin in excess 77%
Paris, October 23, 2007 - Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris: ETL),
one of the world’s leading satellite operators, today reported revenue for the first quarter ended
September 30, 2007.
The Group also reconfirms objectives disclosed on July 26, 2007 for the current fiscal year, and
announces its main objectives for the period 2007-2010.
Revenue by application
First quarter ended September 30
Change
In millions of euros
2006
2007
In millions of
euros
in %
Video Applications
142.8
158.1
+ 15.3
+ 10.7 %
Data & Value Added Services
40.8
37.2
- 3.5
- 8.7 %
Multi-usage 14.7
14.5
- 0.2
- 1.3 %
Other 1.3
2.0
+ 0.8
Sub-total 199.5
211.9
+ 12.4
+ 6.2 %
Total 199.5
211.9
+ 12.4
+ 6.2 %
3
Commenting on 2007-2008 results, Giuliano Berretta, Chairman and Chief Executive Officer of
Eutelsat Communications said:
“Our increase in revenue for the first quarter of our 2007-2008 financial year shows the continuing
good performance of our markets. This strong performance is fully in line with our full-year objective to
achieve recurring revenue of 840 to 850 million euros and an EBITDA margin exceeding 77.5%.
Our video and broadband services continue to benefit from the overall strong dynamics of
broadcasting and Internet markets. In both these activities, Eutelsat Communications enjoys a position
of solid leadership in more mature markets in Western Europe, and a longstanding presence in
regions experiencing rapid growth, including Russia, Central Europe, the Middle East and Africa.
Drawing on this dynamic we are now targeting revenue CAGR of more than 5.5% for the period 2007-
2010 with accelerated growth at the end of this period, and an EBITDA margin above 77%.
1
From July 1, 2007 to June 30, 2010.
2
Compound average growth rate (CAGR)
3
At a constant exchange rate, revenue growth would have been 8.3% compared with the first quarter of the previous fiscal
year.