Eutelsat Releases its Revenue for First Quarter 2022-23

 Eutelsat Communications has reported its revenues for the First Quarter that ended on 30th September 2022.

Following are the highlights of the same.

• Operating Verticals revenues of €291 million, down 4.3%1, in line with the mid-point of Full Year objectives
• Continued robust double-digit growth in Fixed Broadband and Mobile Connectivity
• All financial objectives confirmed
• Successful launch of KONNECT VHTS paving the way for connectivity-driven return to growth

First Quarter Revenues are in line with our expectations, and we confirm our financial objectives for the current and subsequent years. Despite limited available capacity at this stage, we continue to record a strong double-digit growth in Fixed Broadband and Mobile Connectivity highlighting the massive long-term potential for both applications, while our mature broadcast activities declined in line with expectation

We made further strong progress in the implementation of our Telecom Pivot with the completion of the implementation of our new organization, aligned along two business lines – Broadcast and Connectivity, and new leadership in place for each business unit. The creation of two business units will enhance customer-centricity, boost efficiency and foster growth.

Finally, the successful launch of the KONNECT VHTS satellite in September is a crucial milestone for our Connectivity-driven return to growth, bringing unprecedented levels of capacity to the European markets, some of it already pre-sold.”

Eva Berneke, Chief Executive Officer, Eutelsat Communications