First Half in line with expectations
Improving Operating Verticals revenues trend in the Second Quarter
High level of profitability with EBITDA margin of 78% at constant currency
Launch of EUTELSAT KONNECT and procurement of EUTELSAT 10B to underpin our Connectivity strategy
All elements of the Financial Outlook confirmed for current and future years
Robust cash flow generation supporting highly secured dividend
Paris, 14 February 2020 - The Board of Directors of Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris: ETL), chaired by Dominique D'Hinnin, reviewed the financial results for the half-year ended 31 December 2019.
Commenting on the First Half, Rodolphe Belmer Chief Executive Officer of Eutelsat Communications, said: First Half revenues were in line with our expectations with an improvement in trend in the Second Quarter versus the First and a stabilization in revenues quarter-on-quarter. Despite the revenue decline we delivered an industry-leading level of profitability, with an EBITDA margin of 78%. In recent months we have made strong progress on the development of our future growth levers with the successful launch of EUTELSAT KONNECT, bringing new resources over Africa and Europe and marking a milestone in our Connectivity strategy, as well as the procurement of EUTELSAT 10B with firm commitments on a third of the HTS capacity, highlighting robust demand in the mobility market.
Looking ahead, the remainder of the year will benefit from several revenue tailwinds, notably the EGNOS payload on EUTELSAT 5 West B and the availability of incremental capacity on EUTELSAT 7C, leading us to reaffirm our revenue target for FY 2019-20 as a whole. All other elements of the financial outlook are also confirmed, notably our FY 2021-22 cash-flow target providing ample dividend cover. Moreover, by FY 2022-23, the bulk of our capacity renewal cycle will be complete, giving us increased flexibility to support cash generation and attendant shareholder remuneration over the long term.
Read the full press release on our First Half 2019-20 results
(1) Operating income before depreciation and amortisation, impairments and other operating income/(expenses).
(2) Net cash-flow from operating activities - Cash Capex - Interest and Other fees paid net of interests received.
About Eutelsat Communications
Founded in 1977, Eutelsat Communications is one of the worlds leading satellite operators. With a global fleet of satellites and associated ground infrastructure, Eutelsat enables clients across Video, Data, Government, Fixed and Mobile Broadband markets to communicate effectively to their customers, irrespective of their location. Around 7,000 television channels operated by leading media groups are broadcast by Eutelsat to one billion viewers equipped for DTH reception or connected to terrestrial networks. Headquartered in Paris, with offices and teleports around the globe, Eutelsat assembles 1,000 men and women from 46 countries who are dedicated to delivering the highest quality of service.
Eutelsat Communications is listed on the Euronext Paris Stock Exchange (ticker: ETL).
For more about Eutelsat go to www.eutelsat.com
Media enquiries
Marie-Sophie Ecuer Tel.: 33 1 53 98 37 91 mecuer@eutelsat.com
Jessica Whyte Tel.: 33 1 53 98 37 91 jwhyte@eutelsat.com
Investors
Joanna Darlington Tel.: 33 1 53 98 35 30 jdarlington@eutelsat.com
C dric Pugni Tel.: 33 1 53 98 35 30 cpugni@eutelsat.com
Alexandre Enjalbert Tel.: 33 1 53 98 35 30 aenjalbert@eutelsat.com
Follow us at:
Attached Files PDF document
Share
Facebook
Twitter
LinkedIn
E-mail
Download Download as PDF
FIRST HALF 2019-20 RESULTS
14/02/2020
| LINK: | http://news.eutelsat.com/pressreleases/first-half-2019-20-results-2972... |
| See more stories from eutelsat |
Most recent headlines
31/03/2020
Meet Alaina Castillo - Bilingual Singer-Songwriter and Featured U.S. RADAR Artist
Recently, Spotify launched RADAR, a global development program for emerging arti...
31/03/2020
How Social Distancing Has Shifted Spotify Streaming
As people around the world have increasingly moved inside over the past couple of weeks, we've seen music and podcast listening change in a variety of ways....
31/03/2020
Operation Transformation Keeping Well Apart
Coccooning, self-isolation, physical distancing, Never before has our collective health depended more on our ability to stay apart. Over the past weeks we'v...
31/03/2020
RT to air Element Pictures' Normal People this Spring
RT has announced that it will be airing Normal People, the Element Pictures adaptation of Sally Rooney's acclaimed novel for the BBC. The highly-anticipat...
31/03/2020
Notice Regarding the Introduction of a Restricted Stock Unit Plan for Non-Japanese Officers
Tokyo, March 30, 2020--- Hitachi, Ltd. (TSE: 6501, Hitachi or the Company ) r...
31/03/2020
Notice Regarding the Grant of Restricted Stock Compensation
Tokyo, March 30, 2020 --- Hitachi, Ltd. (TSE: 6501, Hitachi or the Company ) resolved at a meeting of the Compensation Committee held today to continue the r...
31/03/2020
Hitachi Announces Selection of Director Candidates Aimed at Strengthening Global Expansion of Digital Business
Tokyo, March 30, 2020 - Hitachi, Ltd. (TSE: 6501) today announced that director ...
31/03/2020
betev and TVU team up for expanded deployment of 5G and 4K transmission
betev and TVU team up for expanded deployment of 5G and 4K transmission5G offers incredible opportunity for broadcasters, particularly in the area of live remo...
31/03/2020
AES Vienna Convention Canceled for May 2020
AES leadership, the Convention organizing committee and headquarters staff members are working diligently to organize the logistics of a virtualization of the C...
31/03/2020
Xytech After Dark
Xytech's Gregg Sandheinrich and Greg Dolan discuss Demo Anxiety' and trying to stay cool under pressure (:30) before jumping into their thoughts on thi...
31/03/2020
HDR dangerous to epileptics?
TV viewers will be all-too familiar with advice given by news broadcasters that the following images might contain flashing lights . But now research suggests ...
31/03/2020
Xytech Launches Podcast On Media Industry Trends
Xytech, a provider of facility management software for media and broadcast, has launched Xytech After Dark, a podcast focusing on trends in the media and broadc...
31/03/2020
Live and Local Is the Key
Skip Pizzi, NAB's vice president of technology education and outreach, simply nailed it during a NextGen TV panel at the HPA Tech Retreat in February. OTT...
31/03/2020
HPA 2020 Tech, Part 4
As I wrap up my writing about the annual Hollywood Professional Association's Tech Retreat, I'd like to touch on new technology that I hinted at last ti...
31/03/2020
VSN Introduces New Capabilities for Remote Interoperability
Media and entertainment industry software company VSN will showcase in April through an online event a number of enhancements to its VSNCrea Traffic and Schedul...
31/03/2020
The NFVF call for funding applications for Festival Hosting and Marketing and Distribution is open
The National Film and Video Foundation (NFVF) call for funding applications is o...
31/03/2020
The NFVF to offer immediate relief to film practitioners amid COVID-19 lockdown
The NFVF to offer immediate relief to film practitioners amid COVID-19 lockdown South Africa's local film and television industry has been severely impacte...
30/03/2020
Safe and Sound
Challenging times demand extraordinary action. Whilst safety remains the primary concern of every family in the world, efforts to carry on living as normally as...
30/03/2020
Bert Is Back And Shirtless Again In The Official Trailer For His New Netflix Original Comedy Special BERT KREISCHER: HEY BIG BOY
Watch The Trailer Here Comedian Bert Kreischer is back, and shirtless once agai...
30/03/2020
NETFLIX DEBUTS TRAILER FOR THE ILIZA SHLESINGER SKETCH SHOW
Watch Trailer HERE Download Key Art HERE Hold on to your top knot and grab your remote for the upcoming six-part sketch series, The Iliza Shlesinger Sketch Sh...
30/03/2020
PRO SOUND NEWS REVIEWS THE 4560 CORE BINAURAL HEADSET MICROPHONE
The DPA 4560 CORE Binaural Headset Microphone is a spectacular device that is fun to use, but more importantly, it wonderfully captures audio without compromise...
30/03/2020
SVG On Demand: Big Studios' Joss Meinert Showcases Year's Worth of Motion Graphics
SVG On Demand: Big Studios' Joss Meinert Showcases Year's Worth of Motio...
30/03/2020
Preparing for the Return of Sports: A1s Ready To Mix Live Broadcasts in the Age of Empty Arenas
Preparing for the Return of Sports: A1s Ready To Mix Live Broadcasts in the Age ...
30/03/2020
User Experience with New DIY style IoT ifLink Open Community
Toshiba Corporation Toshiba Digital Solutions Corporation TOKYO--Toshiba Corporation (TOKYO: 6502) and Toshiba Digital Solutions Corporation (hereinafter TDS...
30/03/2020
Astro Extends Complimentary Viewing to 14 April 2020
Astro Extends Complimentary Viewing to 14 April 2020 Date Released:30 Mar 2020 Share Tweet Astro remains committed to keep Malaysians informed and entert...
30/03/2020
Streaming Rises 30% Due to Coronavirus, Reports SeaChange
WALTHAM, Mass.-As people are stuck inside because of the coronavirus (COVID-19), SeaChange International is reporting that streaming activity-linear, video-on-d...
30/03/2020
Emmy Awards Season Schedule Shifted Due to Coronavirus
NOHO ARTS DISTRICT, Calif.-The Emmys are not immune to coronavirus, as the Television Academy has announced a number of changes to the 72nd Emmy Awards season&#...
30/03/2020
BSI Turns on Idle 3D Printers To Build Critical Components for PPE Gear for COVID-19 Responders
BSI Turns on Idle 3D Printers To Build Critical Components for PPE Gear for COVI...
30/03/2020
Warm Audio put the squeeze on with new Bus-Comp
Two-channel design offers optional discrete op-amp stage with Cinemag transformers Warm Audios Bus-Comp - a more affordable alternative to the classic hardwar...
30/03/2020
Apple offer extended Logic Pro X trial
Try out Apples flagship DAW for 90 days! Apple Logic Pro X - Flex Pitch Apple have announced that their Pro App' software packages - which include Fin...
30/03/2020
Virus Has Ad Sales Execs Taking Day-By-Day Approach
Television network ad sales executives said they are taking a day-to-day approach as some advertisers pull their campaigns, others quickly change the commercial...
30/03/2020
Ovation TV Offers Free Programming For Virtual' Arts Advocacy Day
With Arts Advocacy Day, set for March 31, cancelled due to coronavirus, Ovation TV will host Virtual' Arts Advocacy Day beginning March 30. Select arts pro...
30/03/2020
Discovery Education Offers Social Distancing 101 App
Discovery Education is offering a free social distancing 101 app for dealing with the necessary physical separations of COVID-19. The company has teamed up wi...
30/03/2020
Biamp to sell direct in...
Biamp has implemented a dealer-direct model in the UK and Ireland, this follows the news of changes to its European distribution model in Europe in December. In...
30/03/2020
Absen adds Philippe Poppe as biz dev manager...
LED display manufacturer, Absen, has hired Philippe Poppe as its new business development manager for the Benelux (Belgium, the Netherlands, and Luxembourg) reg...
30/03/2020
Polar adds ClearOne
AV distributor Polar has announced the addition of ClearOne to its portfolio. The US-based manufacturer produces hardware and software for collaboration and com...
30/03/2020
Sony shuts down plants in...
Sony has shut down both of its manufacturing plants in Malaysia (between 18 March and 14 April) and also closed its plant in Wales (26 March-20 April). This i...
30/03/2020
L-Acoustics hosts daily webinars for those at...
Audio manufacturer L-Acoustics is hosting a daily webinar for those at home during a period of isolation cuased by the corornavirus. The daily webinars cover ...
30/03/2020
InfoComm 2020 is cancelled
InfoComm 2020, which was to be held 17-19 June in Las Vegas, has been cancelled to the coronavirus outbreak. In a statement, AVIXA CEO CEO Dave Labuskes say We ...
30/03/2020
Vuforia Chalk: Telemedicine for the Industry
PTC is offering a free Remote Assistance with Augmented Reality to help manufacturers during the COVID-19 crisis....
30/03/2020
Pixar in a Box Helps Animators Sharpen Their Skills
Are you an animator with a lot of free time on your hands right now? If so, you can hone your skills with help from the experts....
30/03/2020
TV3 uses TVU Anywhere to bring a unique fan perspective for its coverage of Real Madrid vs FC Barcelona football game
TV3 uses TVU Anywhere to bring a unique fan perspective for its coverage of Real...
30/03/2020
American balances precariously 40 metres above water at Pigeons' Rock.
American balances precariously 40 metres above water at Pigeons Rock. posted: 30/03/2020 Professional slackliner Alex Mason defied the laws of gravity to ...
30/03/2020
American attempts huge jumps at stunning Siete Tazas rock pools in Chile
American attempts huge jumps at stunning Siete Tazas rock pools in Chile posted: 30/03/2020 Steel Lafferty is well known for breaking new ground in the wa...
30/03/2020
Driver Nikolaev undertakes a monster jump in deep snow
Driver Nikolaev undertakes a monster jump in deep snow posted: 30/03/2020 Five times, Eduard Nikolaev has stood on the top step of the podium but never be...
30/03/2020
Spaniard becomes part of a flock of tens of thousands of starlings
Spaniard becomes part of a flock of tens of thousands of starlings posted: 30/03/2020 Paraglider Horacio Llorens became part of a flock of starlings to em...
30/03/2020
Rapidly growing esports portfolio set to accelerate further through new hire
Rapidly growing esports portfolio set to accelerate further through new hire posted: 30/03/2020 Andr Fl ckel to head up infronts gaming and esports depar...
30/03/2020
Modern data management: achieving remote production and workflow efficiencies
By Jeff Braunstein, Spectra Logic's director of Product Management By Contributor Published: March 30, 2020 By Jeff Braunstein, Spectra Logic's dir...
