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Eutelsat lowers FY revenue outlook as revenue decline continues in fiscal Q1

Wednesday 31 October 2018 | 11:22 CET | News
Satellite operator Eutelsat has adjusted its full-year revenue objective and now expects revenue to remain broadly stable compared to FY 2017-18. Under the guidance issued in August, the company expected to return to slight revenue growth at its five operating verticals. The downward revision was primarily motivated by the loss of a large contract with a distributor, which emerged as part of its latest renewal campaign with the US department of defence. All the other full-year targets, including EBITDA margin and discretionary free-cash-flow, have been confirmed.

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Categories: Broadcast & Satellite
Companies: Eutelsat
Countries: World
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