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Eutelsat Communications : Q1 sales below expectations, 2019 sales guidance revised down -2%

>Q1 core business 1% below expectations (3% including “other” activity) - Eutelsat reported Q1 sales that were 3% below expectations, down 4% to € 335m. At constant forex, growth excluding "other income" was broadly in line, down -1.8% after -0.7% in Q4 and -1.1% in Q3. This sequential deceleration is mainly due to the video and fixed broadband segment:Video sales (65% of sales) were 1% shy of expectations, down -1.7% at cc (vs. -0.1% in Q4), penalised by the pro...
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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