Eutelsat Communications : Positive message on video and broadband, but short term impacts on margins and EUR/USD
>Q4 sales topped expectations, mobility better than expected - Eutelsat reported on Friday 31 July Q4 sales and full-year earnings ahead of expectations, apart from net profit. In detail, sales of operating activities came in at € 317m (4% ahead of the consensus € 304m), with underlying growth at cc of -4.3% y-o-y, reflecting a sequential slowdown of 2.7 pt (Q3 at -1.6%). Sales for the video business came in a shade ahead of expectations at € 196m (consensus: € 194m),...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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