SES Global posts improved full-year profits

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Satellite operator SES Global has unveiled a better-than-expected full-year profit of €230m, up from €205m in the year to December 31, 2003. Revenue dipped 1% to €1.15bn.

President and chief executive Romain Bausch said SES Global had recorded a number of significant achievements in 2004. "In addition to securing the group's long-term future with new contracts, we successfully launched four satellites for both new and replacement capacity, and established a vibrant trading platform for our shares with our listing on Euronext Paris."

Bausch said high definition television (HDTV) - which requires more bandwidth than standard digital TV - and developments in local transmission systems in the US had returned "growth drivers" to SES Global's core video broadcasting businesses.

"SES Global remains the only major satellite operator actively delivering both growth and dividends to its shareholders," said Bausch. "The future continues to look very bright for the group."

New European contracts lifted SES Astra's transponder utilisation rate to 84% of the 196 commercially available transponders, with additional capacity taken by the BBC, ITV, ORF, and other broadcasters.

In a statement, SES Global said 2005 was "well set to be the year of resumed growth".

Lovelacemedia  |  21.02.2005

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