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Pin to quick picksEutelsat Com Share News (ETL)

Share Price Information for Eutelsat Com (ETL)

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Share Price: 4.265
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Open: 4.265
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Prev. Close: 4.265
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27 Oct 2023 21:57

IN BRIEF: Eutelsat says revenue down but excited on OneWeb merger

Eutelsat Communications SA - Paris-based satellite services provider - Says revenue for its first quarter ended September 30 was down 4.7% to EUR274.0 million from EUR287.4 million the year before. Video revenue fell 11% to EUR163.5 million from EUR183.5 million. Government Services revenue fell 3.4% to EUR33.5 million, Fixed Connectivity fell 13% to EUR40.2 million, and Mobile Connectivity increased 36% to EUR35.2 million. Company adjusts its full-year targets following its combination with OneWeb in September, now expects double-digit Ebitda and revenue growth, with revenue reaching between EUR1.32 billion and EUR1.42 billion in the current financial year. Ebitda is forecast to be EUR725 million to EUR825 million.

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