Tag: Karim Michel Sabbagh

  • Eutelsat & SES to develop technology for better broadcast-broadband ecosystem

    Eutelsat & SES to develop technology for better broadcast-broadband ecosystem

    MUMBAI: Satellite companies Eutelsat Communications and SES S.A, engaged in the global video distribution market, have launched a new, industry-wide initiative to develop and promote next-generation video technologies, standards and formats, focusing initially on the reception of satellite services on any screen and on converged broadcast-broadband technologies.

     

    Called the Future Video Initiative, this new project will assemble representative companies in the converged video value chain to ensure that users everywhere will be able to benefit from a consistent, high quality, state-of-the-art video experience anywhere, anytime and on any device.

     

    The Initiative was unveiled at the International Broadcasting Convention (IBC), one of the largest broadcast technology conventions, held annually in Amsterdam.

     

    Experience and feedback on services currently delivering content anywhere, anytime, on any device highlight the challenges of ensuring in parallel high user satisfaction and the largest technical reach. Users want consistent media quality across multiple devices; content distributors have to cope with an ever-increasing growth of media traffic on their networks and therefore want to optimise their investments through maximum audience reach at the most competitive distribution cost.

     

    The Future Video Initiative will seek to support existing initiatives, alliances, associations, roadmaps and technical standardisation bodies. Its initial scope of work will focus on promoting integrated hybrid broadcast-broadband solutions that increase the reach of HD and Ultra HD with the highest quality, while optimising network costs and meeting the promise of interactive services. It will also facilitate the reception of satellite services on any screen, at home and in public places.

     

    “Through this initiative, we want to send a clear signal to the industry and public that we need to drive digitalisation and the evolution of our broadcast-broadband ecosystems. The Future Video Initiative is open to all stakeholders and is a catalyst for digital development. The start of this initiative is underpinned by the commitment of two leading satellite operators to bring the best of their infrastructures to support the innovations, roadmaps, standardisations and frameworks necessary to respond to the future needs of consumers and deliver on time on the inclusive promise of a top-quality media experience for the broadest range of users,” said Eutelsat Communications CEO Michel de Rosen and SES CEO Karim Michel Sabbagh.

  • SES sees robust first half

    SES sees robust first half

    MUMBAI: SES S.A., a leading worldwide satellite operator (NYSE Euronext Paris and Luxembourg Stock Exchange: SESG), reports financial results for the six months ended 30 June 2014.

        
    • H1 Revenue of EUR 938.9 million (2013: EUR 910.5 million)

    – An increase of 6.3% over the prior year period at constant exchange rates (“constant FX”)1

     

    • H1 EBITDA of EUR 693.8 million (2013: EUR 662.0 million)

    – An increase of 7.4% at constant FX over the prior year

    – EBITDA margin of 73.9% (2013: 72.7% as reported)

     

    • Operating profit rose to EUR 437.5 million, an increase of 9.4% at constant FX

     

    • H1 Profit of the group increased 8.5% to EUR 290.9 million (2013: EUR 268.0 million)

     

    • Contract backlog of EUR 7.2 billion at end of June 2014

     

    • Closing Net Debt / EBITDA ratio of 2.85 (30 June 2013: 3.07) Karim Michel Sabbagh, President and CEO, commented:

     

    “SES’s continuing successful development  and execution of the 2014 plan has delivered robust first half results that validate our strategy to address target regions and market verticals. Video remains core to our business. Europe and the International segments posted strong growth, while the North American  segment  continued  to be affected  by the U.S. Government  budget  sequester.  The 2014 financial guidance is reiterated.

     

    Three satellites were brought into service in the period, further developing our capabilities in Europe, MENA and Asia-Pacific.  Four more satellites are under construction,  including the newly announced SES-12, a hybrid satellite for the Asia-Pacific region, which will benefit from the dual innovations of an HTS  payload  and  all-electric  propulsion.  These  programmes,  all components  of our  medium  term CapEx  plan,  will  enhance  our  differentiated  positioning  in  the  developing  markets  that  we  are targeting.

     

    On 10 July 2014, O3b Networks, the satellite company building ‘Fibre in the Sky’, in which SES has a significant  interest,  successfully  launched  its  second  group  of  four  satellites.    O3b’s  full  suite  of commercial services will be offered once in-orbit testing is completed.   We look forward to O3b’s successful commercialisation  of its product range with customers across the underserved markets of the world.”

     

    Click here to read the financial highlights