SES delivered solid performance including in Africa

Investment

YTD Revenue of EUR 1,378.2 million
- An increase of 2.4% at constant exchange rates (“constant FX”) over the prior year period;
5.7% when excluding the EUR 42.6 million of analogue revenue recorded in 2012
-YTD EBITDA of EUR 1,009.3 million
- An increase of 0.8% at constant FX over the prior year; 5.3% when excluding analogue
- EBITDA margin of 73.2% (2012: 74.4%)
- YTD Profit of the group EUR 413.4 million (2012: EUR 456.4 million)
- Closing Net Debt / EBITDA ratio of 3.01 (30 September 2012: 3.02)
- Fully protected contract backlog of EUR 7.4 billion, representing 4.1 times 2012 revenue

Romain Bausch, President and CEO, commented:
“SES has delivered a robust performance in the year to date. We have increased our capacity and are commercialising new market opportunities. Forthcoming launches will further develop this capability and create the conditions for future growth. Our European business, which is almost entirely Video DTH, continues to grow (revenue +5.6%, when excluding analogue). New business and renewals with major customers, including Sky Deutschland and Arqiva, have contributed to an increase in the contract backlog to EUR 7.4 billion. In the International segment (revenue +12.5%) we have added a number of new DTH platforms, in Latin America, Africa, and the Asia-Pacific region. Although the launch schedule continues to be subject to some delays, total revenue growth (excluding analogue) was 5.7%, with considerable momentum from the video business.”
“Despite some delays experienced earlier this year with regard to new satellite launches, we have significantly expanded our capacity with the launch of SES-6 in June and ASTRA 2E in September, and we now expect to launch SES-8 later this month, followed by ASTRA 5B in early December.”

Full review here