Commenting on the full year 20112012 results, Michel de Rosen, CEO of Eutelsat Communications, said, “Eutelsat Communications continues to deliver profitable growth, with revenues up 4.6 percent and the highest EBITDA margin among the largest satellite operators. Our order backlog exceeded 5 billion euros, equivalent to 4.3 times annual revenues, lending high longterm visibility.

"Demand for transponder capacity across our footprint remains strong and we continue to optimise the fleet of current and upcoming satellites in order to capture growth in the video, data and broadband markets in Europe, the Middle East, Africa and Asia. With KASAT, the foundations have been laid for a longterm business which is progressively expanding the scope of satellite services and providing a complement to Kuband capacity.

"For the three years to June 2015, we target revenue CAGR of 5 to 6 percent. In the current year we aim for revenue growth of 3 to 4 percent, pending the availability of two new satellites that are due to launch in the first half of the fiscal year and that will benefit the Data and Multiusage activities. We remain committed to delivering profitable growth and shareholder value, targeting an EBITDA margin of around 77 percent in each of the next three years, and upgrading our dividend policy with a payout ratio of 65 to 75 percent from the previous floor of 50 percent.”

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