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Eutelsat confirms its objectives

(AOF) – Eutelsat’s revenue came to 287 million euros in the third quarter of its 2021-2022 financial year, down 4.8% on a reported year-on-year basis and 2.7% on a comparable basis.

“The third quarter was marked by solid performance, with an improving trend in Broadcast and strong double-digit growth in Fixed Broadband and Mobile Connectivity while the evolution of Government Services inevitably reflected the geopolitical environment in the Middle East”, commented Eva Berneke, the CEO of the satellite operator.

Over the first nine months of the financial year, sales amounted to 859 million euros, down 7.6% on a reported basis and 4% on a comparable basis.

“Overall, the turnover for the first nine months is in line with our expectations, and we thus confirm all of our financial objectives”, indicated Eva Berneke.

For the whole of the 2021-2022 financial year, Eutelsat is notably aiming for revenue from Operating Activities for the current financial year of between 1.11 and 1.13 billion euros.

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