EMEA Markets - Latest Developments
Inmarsat plc today reported consolidated preliminary financial results for the year ended 31 December 31, 2013.
Inmarsat reported Adjusted total revenues of US$ 1,249.6m (2012: $1,277.6m) and Adjusted EBITDA of US$ 639.8m (2012: $642.8m).
Total Inmarsat Global MSS revenue was US$ 762.4m up 3.3% (2012: $738.0m). Profit before tax US$ 189.1m (2012: $293.6m). Adjusted profit before tax was US$ 365.3m up 8.6% (2012: $336.4m) . The company giave a dividend of 28.82 US cents up 5% from 2012.
CABSAT, the leading professional content management event in the Middle East, Africa and South Asia (MEASA), will debut the cutting-edge Content Delivery Hub – a dedicated platform for multiscreen digital entertainment solutions, turn-key content sourcing, management and marketing of content – during the event’s 20th anniversary celebrations at Dubai World Trade Centre (DWTC) next week.
HISPASAT, the Spanish satellite operator, reported 201.4 million euros in revenues in 2013, a increase of 0.57% from 2012. Excluding the adverse exchange rate effect, this increase would have been 4.35%, mainly due to the increased sales results from markets outside of Spain.
The Latin American market accounted for 55.6% of revenues per space capacity (+2.4% from 2012), while Europe and North Africa represented 44.4% (-2.2% from 2012). In 2008, before the economic crisis, these percentages were 31.5% and 68.5%, respectively.
UK-based Set-top box manufacturer Pace reported a 2.7% increase in revenues to US$ 2,469.2 m from 2012: US $2,403.4m in 2012. Adjusted EBITA was up 22.5% to US$ 193.6 m from US$ 158.1m in 2012.
Pace said it expected revenue of about US$ 2.70 billion this year, with an operating margin of around 8.5 per cent.
Pace CEO Mike Pulli said the firm had a “sustainable high level of cash generation,” made good strategic progress and said there is “significant opportunity for further improvement.”
In 2013 ABI Research estimates one out of every ten pay TV households had access to applications on the set-top box – applications include news and information services, service provider specific apps, OTT video, games, and music services. By 2019 nearly 40% of pay TV households should have access to similar services and features. Video will remain the focus for entertainment applications - consumers’ penchant for OTT video underscores the importance of video and how operator application libraries will evolve.
This month’s column provides updated information about the GVF MENASAT @ CABSAT 2014 – Satellite Interference Summit, which will take place at the Dubai International Conference & Exhibition Centre (DICEC), in Meeting Room Al-Ain F (above Halls 1 and 2), on 12th and 13th March.
SES reported 2013 revenues of EUR 1.862 billion (approximately US$ 2.59 billion), an increase of 3.4% at constant foreign exchange rates (FX) over the prior year period; 5.9% when excluding the EUR 42.6 million of analogue revenue recorded in 2012. � 2013 EBITDA was EUR 1.364 billion, an increase of 2.8% at constant FX over the prior year; 6.2% when excluding analogue revenue.
Airbus Defence and Space (formerly Astrium) has won a contract with SES for the design and construction of the latest addition to its fleet, the SES-10 satellite which will be covering the Americas. The new satellite will be based on the Eurostar E3000 platform and will be equipped with a dual chemical and electrical propulsion system.
Intelsat S.A. today reported total revenue of US$ 642.8 million and net income attributable to Intelsat S.A. of US$ 72.6 million, or $0.62 per share on a diluted basis, for the three months ended December 31, 2013. The company reported adjusted diluted net income per common share of $0.84 for the three months ended December 31, 2013.
Gilat Satellite Networks Ltd. today reported its results for the fourth quarter and year ended December 31, 2013. Revenue for 2013 was US$ 234.9 million with EBITDA of US$ 16.3 million. Gilat reported strong backlog of US$ 228 million at the end of 2013 more than doubled as compared to US$98.9 million at the end of 2012.
Net cash increased to US $50.9 million as compared to US$ 18.7 million at the end of 2012.
