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Eutelsat Communications : Interim revenues and earnings in line, confirmation of full-year and medium term guidance

>Revenues and EBITDA in line with expectations - Eutelsat has published H1 revenues (excluding other revenues) that were in line with forecasts, down 4.9% l-f-l (vs -6.2% in Q1). EBITDA also came in in line with expectations at € 495.5m (-4.4% y-o-y reported). The margin was 77.9% cc (vs 77.8% reported), down -0.9 pt compared to H1 2018 and 0.3 pt above consensus, as the new cost savings programme (LEAP 2) has not yet paid off at this stage. Net debt increased by € ...
Underlying
Eutelsat Communications SA

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.

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Oddo BHF
Oddo BHF

​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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