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Eutelsat releases third quarter and nine month 2022-23 revenues

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.


Source: https://www.eutelsat.com/en/news/press.html#/pressreleases/third-quarter-and-nine-month-2022-23-revenues-3252052

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