SES Global has issued its financial results for the third quarter of 2005.
Revenues were up 21 per cent to E313 m (Q3 2004: E259m) Q3 EBITDA increased 10 per cent to E216 m (Q3 2004: E196 m). Net profit rose 48 per cent to E108 m (Q3 2004: E73 m) and year-to-date net profit of E277 m (YTD 2004 – including an exceptional tax credit of E60 m – E293 m). Net debt rose to E1.979bn from EUR 1.716bn at June 30.
Romain Bausch, President & CEO of SES Global, commented: “SES has continued to make active progress during the quarter, building on the success of the first six months of 2005. In addition to the new transponder contracts signed with video broadcasting customers, we have also introduced new service platforms for video services such as blucom and IP-Prime. These will generate new, profitable revenue streams alongside that of our core satellite infrastructure business.”