SES’s revenues were essentially flat in 2011, with services growth being driven principally by the strong development of the HD+ platform in Germany.
2012, on the other hand, is according to president and CEO Romain Bausch, set be “an important year in the ongoing transformation of SES.”
Commenting on the company’s latest set of results, he added” We are developing our presence in emerging markets, while maintaining our strong position in the more mature European and North American markets. In 2012 we will experience the exceptional impact of the analogue TV switch-off in Germany. When eliminating the impact of this, we foresee an underlying three-year revenue CAGR (2012-2014) of approximately 7.5%. On a recurring basis this is expected to be approximately 4.5%. This fully reflects the launch delays and satellite health issues. We look to the future with confidence.”
SES’s revenues in 2011 amounted to €1,733.1 million, compared to €1.735.7 million a year earlier, while its EBITDA was €1,274.6 million (€1,296.4 million).
Operating profits meanwhile rose by 1.4% over the year to €808.2 million.
2012 has already seen the launch of SES-4, with two further satellites – SES-5 and Astra 2F – set to follow later in the year.
SES expects revenue growth this year will be driven by investment in incremental capacity for emerging markets, QuestzSat-1 and continued growth in European digital infrastructure and services.