Eutelsat Communications: Third Quarter and Nine-month 2021-22 Revenues

PARIS–(BUSINESS WIRE)–Regulatory News:

Eutelsat Communications (ISIN: FR0010221234 – Euronext Paris: ETL) (Paris:ETL) reports revenues for the Third Quarter and Nine Months ended 31 March 2022.

In € millions

Q3 2020-21

Q3 2021-22

Change

Reported

Like-for-like2

Broadcast

182.0

172.5

-5.2%

-6.8%

Data & Professional Video

39.5

40.0

+1.3%

-2.7%

Government Services

36.7

34.6

-5.7%

-11.3%

Fixed Broadband

20.5

16.9

-17.6%

+30.2%

Mobile Connectivity

15.7

20.7

+31.8%

+24.5%

Total Operating Verticals

294.4

284.7

-3.3%

-3.5%

Other Revenues3

6.9

2.1

-69.6%

+84.7%

Total

301.3

286.8

-4.8%

-2.7%

EUR/USD exchange rate

1.22

1.13

 

Eva Berneke, Chief Executive Officer of Eutelsat Communications, said: “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.”

HIGHLIGHTS

  • Third Quarter operating vertical revenues of €285m, broadly stable (-0.7%) quarter-on-quarter.
  • Improvement in Broadcast revenue trend (-6.8% year-on-year in the Third Quarter after -8.6% in the second quarter) with Third Quarter revenues broadly stable (-0.8%) relative to the Second Quarter.
  • Robust double-digit growth for both Fixed…

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