Eutelsat Communications: 10 years of stock market performance on Euronext
140% increase in share price since stock market listing in 2005
Eutelsat Communications, one of the world’s leading satellite operators, celebrated the 10th anniversary of its stock market listing on Euronext. In parallel to delivering strong shareholder value over the last 10 years, Eutelsat has transformed into a global operator positioned in fast-growing broadcast and broadband markets as well as a reference for innovation.
Eutelsat’s revenues and EBITDA have doubled since listing on Euronext on 2 December 2005. This profitable growth is reflected in its exceptional stock market performance: the dividend per share has doubled and the share price has grown by 140% compared to the CAC 40 which grew by 5% over the same period. Total shareholder return is almost 250%. Eutelsat Communications first listed on Euronext on 2 December 2005 at a price of €12 for a market capitalisation of €2.6 billion. On 1 December 2015, at market closing, the Group was trading at €28.2 per share for a market capitalisation of €6.4 billion.
Founded in 1977 as an intergovernmental organisation, and transformed into a private company in 2001, Eutelsat Communications has expanded over the last 10 years into a global company with a diversified workforce and renewed satellite resources. From satellites historically serving Europe, the Middle East and North Africa, the fleet has doubled over the last decade to cover the globe, delivering broadcast services to one billion people and now including satellites specifically designed for broadband access. One thousand employees from over 30 countries located in offices around the world serve the company’s growing community of users.
Commenting on the Capital Markets Day, Michel de Rosen, Chairman and CEO of Eutelsat, said: “This has been the opportunity to present our major growth areas in digital communications. The steady increase of TV channels in high-growth markets, combined with the emergence of new consumer video trends and the quest for constantly improving image quality place broadcast services at the heart of our development. With our accelerated investments in broadband satellites we are sure to be in the right markets at the right time to seize opportunities presented by the explosion of connectivity requirements, particularly in Europe, Africa, Latin America and Russia. The seven new satellites we will add to our fleet will steadily expand and diversify our resources to deepen our presence across all our markets.”
Commenting on the 10 years since listing on Euronext, Michel de Rosen added: “Eutelsat has delivered significant value for shareholders and we take great pride in this performance. The achievements of our teams over the past decade put us in a strong position for the future and we look forward with confidence to the next stage of our journey as a listed company.”
Eutelsat’s strategic objectives and growth roadmap were the focus of a Capital Markets Day held today in Paris. Eutelsat updated its launch schedule which includes a record four satellites to be launched in the coming four months of a total of seven satellites to launch by 2019. The EUTELSAT 36C satellite, serving Russia and Sub-Saharan Africa will be launched by the end of 2015. It will be followed into orbit at the end of January 2016 by EUTELSAT 9B, serving Europe. The launches of EUTELSAT 117 West B and EUTELSAT 65 West A are now scheduled for the end of first quarter 2016. Both satellites will address Latin American markets.