SES: €8bn backlog. Video “accelerating”
SES reported Oct 28 that its Q3 numbers were in line with expectations, but reduced its full-year guidance dramatically (previous guidance was €2.010bn-€2.080bn) to the much lower €1.960bn.
SES said it was now carrying 7317 TV channels on its fleet, of which 2434 were in HDTV (33.3 percent). SES says the growth of Ultra-HD channels accelerating and that it was now carrying 17 commercial UHD channels (this time last year it was just one).
Its recently acquired playout and TV facilities company RR Media (now part of MX1) meant that the overall business was now handling more than 2500 channels, and 120 VoD platforms around the world.
Revenues at SES topped €1.490 billion (down 0.6% at constant foreign exchange), and took the operator’s EBITDA down 4.1 percent to €1,061 billion. Its all-important backlog increased to €8 billion (up from €7.1 billion last year) and with the growth helped by the now consolidated RR Media (worth €100 million) and satellite constellation O3b (worth €300 million).
Eutelsat €5.4bn backlog. No growth until 2018-19
There’s a new sense of quiet optimism at Paris-based satellite operator Eutelsat, which on Oct 27 told analysts (during its Q1 results to Sept 30) that it was confirming its current financial objectives and reiterating its guidance for the next two years. The next two years will continue to be tough, but modest revenue growth should return by 2018-19.
A “company-wide” cost-saving programme is now underway and more detail on this will emerge in February at the next quarterly statement.
In terms of hard numbers, Q1 revenues were €385m (up 0.7% like for like) despite Video revenues falling 1.3% to €224.3m, and Data Services slipping -2.8% to €56.8m. Its Value-Added revenue stream grew a useful 8.3% to €29.4m but Government Services (another word for its Military bandwidth sales) fell back 10.7% to €47.1m.