Eutelsat Reports First Quarter 2024-25 Revenues

Paris,  November 1, 2024 – Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL) reports revenues for the First Quarter ended 30 September 2024.

Operating Verticals revenues of €297 million, up 5.5%[1] Growth in Connectivity on the back of LEO-enabled solutions All financial objectives confirmed

RECENT HIGHLIGHTS First Quarter Revenues in line with expectations; Full year financial objectives confirmed Successful launch of the latest batch of 20 OneWeb satellites, reinforcing the constellation Multi-launch agreement with Mitsubishi Heavy Industries, adding further optionality for access to space

FIRST QUARTER REVENUES[1]

Total revenues for the First Quarter stood at €300 million, up 9.4% on a reported basis, and by 5.9% like-for-like.

Revenues of the four Operating Verticals (ie, excluding ‘Other Revenues’) stood at €297 million. They were up 5.5% on a like-for-like basis excluding a negative currency effect of €1 million.

Quarter-on-quarter, revenues of the four Operating Verticals were down by 11.9% like-for-like.

Note: Unless otherwise stated, all variations indicated hereunder are expressed on a like-for-like basis, ie, at constant currency and perimeter.

Full results available here