Satellites

SES sees robust first half

MUMBAI: SES S.A., a leading worldwide satellite operator (NYSE Euronext Paris and Luxembourg Stock Exchange: SESG), reports financial results for the six months ended 30 June 2014.

    

• H1 Revenue of EUR 938.9 million (2013: EUR 910.5 million)

- An increase of 6.3% over the prior year period at constant exchange rates (“constant FX”)1

 



• H1 EBITDA of EUR 693.8 million (2013: EUR 662.0 million)

- An increase of 7.4% at constant FX over the prior year

- EBITDA margin of 73.9% (2013: 72.7% as reported)

 



• Operating profit rose to EUR 437.5 million, an increase of 9.4% at constant FX

 



• H1 Profit of the group increased 8.5% to EUR 290.9 million (2013: EUR 268.0 million)

 



• Contract backlog of EUR 7.2 billion at end of June 2014

 



• Closing Net Debt / EBITDA ratio of 2.85 (30 June 2013: 3.07) Karim Michel Sabbagh, President and CEO, commented:

 

“SES’s continuing successful development  and execution of the 2014 plan has delivered robust first half results that validate our strategy to address target regions and market verticals. Video remains core to our business. Europe and the International segments posted strong growth, while the North American  segment  continued  to be affected  by the U.S. Government  budget  sequester.  The 2014 financial guidance is reiterated.

 



Three satellites were brought into service in the period, further developing our capabilities in Europe, MENA and Asia-Pacific.  Four more satellites are under construction,  including the newly announced SES-12, a hybrid satellite for the Asia-Pacific region, which will benefit from the dual innovations of an HTS  payload  and  all-electric  propulsion.  These  programmes,  all components  of our  medium  term CapEx  plan,  will  enhance  our  differentiated  positioning  in  the  developing  markets  that  we  are targeting.

 



On 10 July 2014, O3b Networks, the satellite company building ‘Fibre in the Sky’, in which SES has a significant  interest,  successfully  launched  its  second  group  of  four  satellites.    O3b’s  full  suite  of commercial services will be offered once in-orbit testing is completed.   We look forward to O3b’s successful commercialisation  of its product range with customers across the underserved markets of the world.”

 

Click here to read the financial highlights

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/09/26/Untitled-1_12.jpg?itok=qZEUjy54
ISRO's PSLV-C35 launches seven other satellites successfully

Around two hours after lift-off and after placing India’s weather satellite ScatSat1 in a polar sun synchronous orbit at 720 km, the Indian Space Research Organisation’s (ISRO’s) PSLV C35 rocket fired once again. Following that maneuver, it placed another seven satellites in orbit at an altitude...

Satellites Satellite Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/09/26/pslvc35800x800launch.jpg?itok=vk6wvbV6
ISRO’s PSLV-C35 takes off successfully, Scatsat1 launched

MUMBAI: It’s another feather in ISRO’s cap. The Indian space outfit seems to be going from success to success. Earlier this morning at 9:12 am, its latest mission the PSLV-C35 lifted off immaculately from the Satish Dhawan Space Centre in Sriharikota. Around 17 minutes later, its fourth stage...

Satellites Satellite Launches
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/09/25/pslvc35800x800.jpg?itok=dzXMaISg
ISRO to launch eight satellites using PSLV on 26 September

MUMBAI: It will be the second satellite launch this month for the Indian Space Research Organisation (ISRO). On 26 September 2016 at exactly 9:12 am the PSLV C35 will blast off from the first launch pad of the Satish Dhawan Space Centre in Sriharikota, Andhra Pradesh. It will mark the 37th...

Satellites Satellite Launches
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/09/22/Untitled-1_34.jpg?itok=B_jE4RwV
XTreme-AsiaSat to provide 4K premium UHD content

4K-SAT, the Ultra-HD channel operated by Asia’s premier satellite operator Asia Satellite Telecommunications Co. Ltd. (AsiaSat), will be broadcasting premium extreme and outdoor content from XTreme Video on AsiaSat 4.

Satellites Satellite Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/09/15/sattelite.jpg?itok=OSkVb_PZ
Govt satellite launches, including from India, to dominate future space market: Euroconsult

NEW DELHI: A major portion of satellites slated to be launched from 2016-2015 with launch mass over 50kg will be dominated by government satellites from countries like the US, Russia, India, China and Japan, according to Euroconsult.

Satellites Satellite Launches
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/09/09/Untitled-1_5.jpg?itok=TRPVxZxD
India’s weather satellite INSAT-3DR launched successfully

India's Geosynchronous Satellite Launch Vehicle, equipped with the indigenous Cryogenic Upper Stage (CUS), on Thursday, successfully launched the country's weather satellite INSAT-3DR, into a Geosynchronous Transfer Orbit (GTO) in its tenth flight (GSLV-F05). The achieved orbit is very close to the...

Satellites Satellite Launches
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/09/04/glsv567.jpg?itok=8PzJc-uj
Isro to outsource satellite manufacturing to private companies

MUMBAI: Now that it has been building and launching satellites for decades now, the Indian Space Research Organisation (Isro) has decided to outsource its technology to private companies to help them develop satellites. Isro wants to concentrate on research and deep space missions. The space...

Satellites Satellite Launches
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/28/isroolaunch.jpg?itok=QWSQbKEY
ISRO test fires scramjet engine successfully

MUMBAI: The Indian satellite launch program got a shot in the arm this morning at 6 am with the Indian Space Research Organisation (ISRO) successfully test firing its Supersonic Combustion Ramjet (scramjet) or air breathing engine from the spaceport of Sriharikota. Usually rocket engines carry...

Satellites Satellite Launches
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/08/23/Untitled-1_16.jpg?itok=k8oIfy4g
Two Intelsat satellites with C and Ku-Band transponders set for launch tomorrow

Two Intelsat communications satellites - Intelsat 33e and Intelsat 36 - are being launched into orbit on 24 August, with Arianespace in the final stage of preparations.

Satellites Satellite Operators

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories