BRUSSELS, July 25 SES , one
of the world's largest commercial satellite operators, retained
its forecast for accelerated growth in 2014 despite the delayed
launch of a satellite after a solid second quarter partly
supported by the World Cup.
The company, which broadcasts over 6,200 television channels
from 55 satellites, said on Friday it expected revenue and core
profit (EBITDA) to rise by between 6 and 7 percent this year at
constant foreign exchange rates and same scope.
In 2013, the figures rose 3.4 and 2.8 percent respectively.
SES, which sells transmission capacity to the likes of BSkyB
, Echostar and India's Dish TV, said
it was retaining its outlook despite a further delay to the
launch of its Astra 2G satellite.
Originally planned for the first half, it had already been
pushed back to the third quarter and is now seen in the final
quarter of this year.
The company reported second-quarter revenues of 473.3
million euros ($637.4 million) and core profit of 348.8 million
euros, just below with the corresponding average forecasts in a
Reuters poll of 477 million euros and 351 million euros.
The soccer World Cup provided some extra earnings, with
uploads from matches across Brazil and some increased demand
Earnings last year were capped by the ending in April of
analogue broadcasts to Germany. Broadcasters were already paying
for digital transmissions.
O3b Networks, in which SES has a 47 percent interest, also
launched its first four satellites for broadband Internet
services last year. It launched a further batch of four this
month, with a third batch due off early in 2015.
After the replacement of certain satellites, SES sees
capital expenditure falling from 835 million euros in 2011
through 425 million euros last year to an annual average of 450
million in 2016-2018.
($1 = 0.7426 Euros)
(Reporting By Philip Blenkinsop, editing by Robert-Jan