Eutelsat expects return to top line growth in FY 2022-23, as underlying revenues contract 2.7% in fiscal Q4

Monday 2 August 2021 | 08:31 CET | News
Satellite operator Eutelsat issued revenue guidance for the years ahead, saying that growth at its operating verticals should remain negative in the current fiscal year started in July (FY 2021-22). Revenues are expected to decline to EUR 1.11-1.15 billion across the five verticals, from EUR 1.23 billion reported for FY 2020-21. The company is forecasting a return to growth from FY 2022-23, both for its revenue and free cash flow (FCF) objectives. Additionally, the FCF target has been revised upwards for the current year to EUR 400-430 million (from EUR 370-400 million previously), which

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Categories: Broadcast & Satellite
Companies: Eutelsat
Countries: World
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