Satellite operator Eutelsat has revised its revenue expectations upwards following strong third quarter results.
The company increased revenues by 10% to 295.2 million in the quarter ending March 31, with strong growth reported in all areas, including double-digital increases for its Data and Value Added Services, and multi-usage divisions.
Revenue from EutelsatÂs core video applications business increased 4.7% to Â198.5 million. At the end of March, EutelsatÂs satellite carried 3,835 channels, up from 3,539 a year earlier, an increase of 8.4%. The number of HD channels broadcast by the fleet stood at 210, up from 120.
Data and Value Added Services increased revenues by 13.3% to Â58.9, with multi-usage revenue up 29.9% to Â32.6 million.
Michel de Rosen, CEO of Eutelsat, said: ÂWe are delighted to report third quarter revenue growth of 10%. This growth was driven by further strong momentum in all our markets; an exceptionally strong contribution from our multi-usage activity as demand from government agencies was high; and by the continued optimization of our in-orbit resources, with the fill rate standing at above 90% since 31 December 2010.Â
The company has raised its objective for the full year and now expects to deliver revenues of Â1.16 billion. ÂLooking ahead, demand remains string in all of our regions and our significant fleet expansion plan in the coming years will ensure that we are well-positioned to capture this growth,Â said Rosen.
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