Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris: ETL) reports revenues for the Third Quarter and Nine Months ended 31 March 2023.
HIGHLIGHTS
- Third Quarter and Nine-month revenues performance in line with expectations.
- Q3 improving trend in Government, +3.1% like-for-like on a quarter-on-quarter basis, on the back of Airbus deal and ahead of entry into service of incremental capacity in FY 2023-24.
- Fixed Broadband (+7.3%) and Mobile Connectivity (+23.0%) sustaining positive momentum ahead of entry into service of K-VHTS and E10B next Fiscal Year.
- All standalone Full Year 2022-23 and longer-term financial objectives confirmed.
- Eutelsat has joined forces with fellow European companies to form a consortium to bid on the European Commission’s tender for the IRIS2 satellite constellation. This partnership will aim to create a state-of-the-art satellite constellation based on a multi-orbit architecture and interoperable with the terrestrial ecosystem, to address the growing connectivity needs of European governments, businesses and citizens.
- OneWeb Gen-1 constellation on track for Global Coverage, supporting positive commercial ramp-up. Merger transaction on track to close by Q3 2023.