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Eutelsat grows contract backlog in fiscal Q3, as downward revenue trend continues

Wednesday 12 May 2021 | 12:02 CET | News
Satellite operator Eutelsat said that its contract backlog increased 6 percent year-on-year in the three months to March (fiscal Q3) to reach EUR 4.5 billion, or 3.5 years of revenues. This reflected important commercial wins and a record-high 95 percent contract renewal rate with the US administration, said the company. As a result, the low end of the full-year revenue guidance has been raised for a second consecutive quarter, with a target of EUR 1.20 billion from EUR 1.19 billion previously. The top end of the full-year revenue guidance remains the same (EUR 1.22 billion), and the other

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Categories: Broadcast & Satellite
Companies: Eutelsat
Countries: World
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