Eutelsat Revenue Dips in Fiscal Year, In Line With Expectations satellitetoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from satellitetoday.com Daily Mail and Mail on Sunday newspapers.
Artist’s rendition of the Eutelsat Quantum class satellite. Photo: Airbus Defence and Space
Eutelsat Communications pushed back the launch of its EUTELSAT QUANTUM satellite to the third quarter of the 2021 calendar year. This is the second time the operator rescheduled the QUANTUM satellite launch, after it was pushed last quarter, as well.
Eutelsat announced the move in its 2020-21 third quarter fiscal report. The operator’s revenue for the quarter was down 6.1% on a year-over-year basis, which was in line with expectations. Overall revenue in Q3 was 294.4 million euros ($357.7 million).
Broadcast, Eutelsat’s largest segment by far, saw a 6.8% drop in Q3 compared to the same quarter last year. Third quarter Broadcast revenues amounted to 182 million euros ($221 million), comprising 62% of overall Eutelsat revenues. Eutelsat cited contract renegotiations with Greece’s
Eutelsat Communications: Third Quarter and Nine-month 2020-21 Revenues
Nine months operating vertical revenues down 3.5%
1 year-on-year
1 year-on-year, in line with expectations
Backlog of €4.5bn up 6% and representing 3.5 years of revenues
Favourable outturn of Spring 2021 renewal campaign with USG
Progress on our Fixed Broadband strategy
Regulatory News:
Eutelsat Communications (ISIN: FR0010221234 Euronext Paris: ETL) reports revenues for the Third Quarter and Nine Months ended 31 March 2021.
In millions
Rodolphe Belmer, Chief Executive Officer of Eutelsat Communications, said: This Quarter has seen some important operational milestones, notably the outcome of the Spring renewal campaign with the US administration well above historical average, while the increase in our backlog reflects our important recent commercial wins. Most notably, we are now seeing real momentum in our Fixed Broadband ramp-up with EUTELSAT KONNECT now at full coverage, enabling us to make