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Eutelsat trims FY revenue outlook, as revenue trend worsens in fiscal Q1

Thursday 31 October 2019 | 10:57 CET | News
Satellite operator Eutelsat posted revenues of EUR 316.5 million across its operating verticals in the September quarter (Q1 2019-2020), representing a 6.2 percent year-on-year drop at constant currency and perimeter (-3.5% in fiscal Q4). The company said that performance fell short of expectations, citing deteriorating trends in Data and Professional Video services. As a result, it now sees increased likelihood that its full-year revenues will land in the lower half of the guidance range published in July, when it said its operating verticals would generate in the region of EUR 1.28-1.32

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Categories: Broadcast & Satellite
Companies: Eutelsat
Countries: World
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