Eutelsat Announces its Financial Results for its Third Quarter
Eutelsat Communications reports revenues for the Third Quarter and Nine Months ended 31 March 2022.
The highlights of the same as follows:
- Third Quarter Operating Verticals revenues of €285m
- -3.5% year-on-year
- -0.7% quarter-on-quarter
- Broadly stable Broadcast revenues quarter-on-quarter
- Strong growth in Fixed Broadband and Mobile Connectivity
- Nine Month operating vertical revenues down 4.0%1 year-on-year, in line with expectations
- All financial objectives confirmed
“The Third Quarter saw robust delivery, with an improvement in Broadcast trend and strong double-digit growth in both Fixed Broadband and Mobile Connectivity whereas Government Services inevitably reflected the geopolitical environment in the Middle East. Recent months have seen meaningful progress on the commercial front in particular with the successful commercialization of EUTELSAT QUANTUM. Elsewhere, our global distribution agreement with OneWeb to address key connectivity verticals enhances the competitive position of both companies and represents a first step towards the development of combined GEO/LEO solutions. Overall, revenues at the Nine Month stage are in line with our expectations, and we confirm all our financial objectives.”
Eva Berneke, Chief Executive Officer, Eutelsat Communications
