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(Reuters) - SES , one of the world's largest
commercial satellite operators, retained its
forecast for accelerated growth in 2014
despite the delayed launch of a satellite
after a solid second quarter partly
supported by the World Cup.
The company, which broadcasts over 6,200
television channels from 55 satellites, said
on Friday it expected revenue and core
profit (EBITDA) to rise by between 6 and 7
percent this year at constant foreign
exchange rates and same scope.
In 2013, the figures rose 3.4 and 2.8 percent
respectively.
SES, which sells transmission capacity to
the likes of BSkyB , Echostar and India's
Dish TV, said it was retaining its outlook
despite a further delay to the launch of its
Astra 2G satellite.
Originally planned for the first half, it had
already been pushed back to the third
quarter and is now seen in the final quarter
of this year.
The company reported second-quarter
revenues of 473.3 million euros ($637.4
million) and core profit of 348.8 million
euros, just below with the corresponding
average forecasts in a Reuters poll of 477
million euros and 351 million euros.
The soccer World Cup provided some extra
earnings, with uploads from matches across
Brazil and some increased demand from
broadcasters.
Earnings last year were capped by the
ending in April of analogue broadcasts to
Germany. Broadcasters were already paying
for digital transmissions.
O3b Networks, in which SES has a 47
percent interest, also launched its first four
satellites for broadband Internet services
last year. It launched a further batch of
four this month, with a third batch due off
early in 2015.
After the replacement of certain satellites,
SES sees capital expenditure falling from
835 million euros in 2011 through 425
million euros last year to an annual
average of 450 million in 2016-2018. ($1 =
0.7426 Euros) (Reporting By Philip
Blenkinsop, editing by Robert-Jan Bartunek) http://in.reuters.com/article/2014/07/25/ses-results-idINL6N0PZ4SK20140725
commercial satellite operators, retained its
forecast for accelerated growth in 2014
despite the delayed launch of a satellite
after a solid second quarter partly
supported by the World Cup.
The company, which broadcasts over 6,200
television channels from 55 satellites, said
on Friday it expected revenue and core
profit (EBITDA) to rise by between 6 and 7
percent this year at constant foreign
exchange rates and same scope.
In 2013, the figures rose 3.4 and 2.8 percent
respectively.
SES, which sells transmission capacity to
the likes of BSkyB , Echostar and India's
Dish TV, said it was retaining its outlook
despite a further delay to the launch of its
Astra 2G satellite.
Originally planned for the first half, it had
already been pushed back to the third
quarter and is now seen in the final quarter
of this year.
The company reported second-quarter
revenues of 473.3 million euros ($637.4
million) and core profit of 348.8 million
euros, just below with the corresponding
average forecasts in a Reuters poll of 477
million euros and 351 million euros.
The soccer World Cup provided some extra
earnings, with uploads from matches across
Brazil and some increased demand from
broadcasters.
Earnings last year were capped by the
ending in April of analogue broadcasts to
Germany. Broadcasters were already paying
for digital transmissions.
O3b Networks, in which SES has a 47
percent interest, also launched its first four
satellites for broadband Internet services
last year. It launched a further batch of
four this month, with a third batch due off
early in 2015.
After the replacement of certain satellites,
SES sees capital expenditure falling from
835 million euros in 2011 through 425
million euros last year to an annual
average of 450 million in 2016-2018. ($1 =
0.7426 Euros) (Reporting By Philip
Blenkinsop, editing by Robert-Jan Bartunek) http://in.reuters.com/article/2014/07/25/ses-results-idINL6N0PZ4SK20140725
