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Satnews Daily
October 27th, 2010

SES... Financially Speaking...


[SatNews] SES' third quarter reported revenue, reported by the Company at 442.3 million euros, grew 11.4 percent versus prior year period, while reported EBITDA rose 12.4 percent to 328.8 million euros. The group EBITDA margin for the quarter was 74.3 percent, with an infrastructure EBITDA margin of 82.9 percent. Operating profit grew 14.9percent to 205.3 euros million. On a recurring basis, revenue grew by 4.7 percent to EUR 437 million, and EBITDA grew 5.8 percent to EUR 332 million. Non-operating charges - financing charges and taxation - were up 8.9 percent on the corresponding quarter of 2009, with a lower tax charge largely offsetting a limited increase in underlying interest expenses and the impact of non-recurring foreign exchange income recorded last year. The relatively low Q3 tax charge reflects the impact of investment tax credits on fixed asset investments. Profit of the group, at 141.3 million euros, was ahead of the prior year period by 19.3 percent, reflecting the positive impact of the operating profit growth. To read the entire financial report, access this .pdf download link.