Eutelsat Communications : Q1 2020 sales in line – guidance confirmed and credible
>Q1 2020 sales in line with expectations at -1.9% l-f-l (vs -4.2% in Q4) - Eutelsat yesterday evening reported Q1 revenues (Q3 calendar) for operating activities of € 306.7m, ahead of the consensus compiled by the company at € 303m. The contraction at operating activities was -1.9% l-f-l (ODDO BHF: -2.9%), reflecting a marked improvement vis-à-vis the preceding quarter (-4.2% l-f-l). Broadcast revenues at € 190.6m were in line with expectations (consensus at € 19...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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