Eutelsat Communications : Complicated start to the year - update following resumption of coverage
>A complicated start to the year, with all segments showing declines - On 30 October, Eutelsat reported Q1 revenues of € 318m, falling short of consensus forecasts (€ 328m, i.e. 3% below). On a like-for-like basis, the decrease in revenues for the operating verticals accelerated to -6.2%, compared with -3.5% in Q4 2018-19. All segments showed declines (cf. table page 2). Broadcast (62% of revenues – now excluding professional video) came in 2% below forecasts at € 195...Eutelsat Communications is a private telecommunications satellite operator involved in the design, establishment, operation and maintenance of satellite telecommunications systems covering a large geographical area (extended Europe (including North Africa and the Middle East), sub-Saharan Africa, parts of America and Asia). Co. provides its customers broadcasting capacity and associated services to transmit TV programmes via satellite, cable or Internet Protocol (IP) networks. As of June 30, 2013, Co. owned and operated 31 satellites in geostationary orbit and 4 satellites in inclined orbit.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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