Eutelsat organic revenue falls 1% in fiscal Q1 as decline in Video business accelerates
Eutelsat said that revenue performance was in line with its expectations in the September quarter (fiscal Q1), confirming the full-year financial guidance issued in August. The group generated EUR 286 million in revenue, down 0.9 percent year-on-year on a like-for-like basis, including EUR 5 million related to Iris2 construction activities outside its Video and Connectivity operations. The satellite operator has, for the first time, recognised future revenue from the Iris2 programme in its contract backlog,