Sony Pixel Power calrec Sony

FULL YEAR 2020-21 RESULTS

30/07/2021

Photo credit: (Shutterstock)

Press release - 30 July 2021 07:16

FULL YEAR 2020-21 RESULTS Facebook

LinkedIn

Twitter

Download as PDF

Operating Verticals revenues at the top end of our expected range

Further high level of Free Cash Flow generation

Topline to grow from FY 2022-23 with an acceleration in FY 2023-24

Adjusted Discretionary Free Cash Flow objective for FY 2021-22 raised by 30m; growth from FY 2022-23

Recommending 5% dividend increase to 0.93[1] per share

Paris, 30 July 2021 - The Board of Directors of Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris: ETL), chaired by Dominique D'Hinnin, reviewed the financial results for the year ended 30 June 2021.

Rodolphe Belmer, Chief Executive Officer of Eutelsat Communications, said: FY 2020-21 was a solid year with revenues at the high end of our upwardly revised guidance, record high cash generation and a further reduction in our Net Debt / EBITDA ratio. Major commercial highlights included, in Broadcast, the Sky Italia renewal, reflecting the long-term relevance of satellite in Europe and two hosted payloads in Government Services. The year was a turning point for our Connectivity business, in particular Fixed Broadband, with notably the entry into service of EUTELSAT KONNECT as well as major wholesale agreements with Telcos, Orange and TIM, for capacity on both EUTELSAT KONNECT and EUTELSAT KONNECT VHTS. Finally, Eutelsat accomplished a major strategic move, gaining a foothold in the LEO segment through its investment in OneWeb. OneWeb represents an additional growth engine for our Connectivity businesses with strong potential for co-operation thanks to complementarity of resources and assets.

Looking ahead, Operating Verticals revenues for FY 2021-22 are expected between 1,110 and 1,150 million. They will subsequently return to growth from FY 2022-23 with an acceleration in FY 2023-24 on the back of the entry into service of incremental assets with substantial firm precommitments. Our Adjusted Discretionary Free Cash Flow objective for FY 2021-22 is raised by 30m with growth from FY 2022-23. We are also renewing our commitment to strong shareholder returns with a recommended dividend of 0.93, up 5%.

Subjects

Electronic business, communication

Innovations, inventions

Network products

Telecommunication, mobile telephony

Telecom

Radio, TV

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. Over 6800 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 1,200 men and women from 50 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

Joanna Darlington

Tel.: 33 1 53 98 31 07

jdarlington@eutelsat.com

Marie Sophie Ecuer

Tel.: 33 1 53 98 32 45

mecuer@eutelsat.com

Jessica Whyte

Tel.: 33 1 53 98 46 21

jwhyte@eutelsat.com

Investors

Joanna Darlington

Tel.: 33 1 53 98 31 07

jdarlington@eutelsat.com

C dric Pugni

Tel.: 33 1 53 98 31 54

cpugni@eutelsat.com

Alexandre Illouz

Tel.: 33 1 53 98 46 81

aillouz@eutelsat.com

Read more
LINK: https://eutelsat-com.mynewsdesk.com/pressreleases/full-year-2020-21-re...
See more stories from eutelsat

Europe Stories

05/01/2027

Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be demoed at CES 2026

Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be ...

01/06/2026

Dolby Sets the New Standard for Premium Entertainment at CES 2026

January 6 2026, 05:30 (PST) Dolby Sets the New Standard for Premium Entertainment at CES 2026 Throughout the week, Dolby brings to life the latest innovatio...

01/05/2026

NBCUniversal's Peacock to Be First Streamer to Integrate Dolby's Full Suite of Premium Picture and Sound Innovations

January 5 2026, 18:30 (PST) NBCUniversal's Peacock to Be First Streamer to ...

01/04/2026

DOLBY AND DOUYIN EMPOWER THE NEXT GENERATON OF CREATORS WITH DOLBY VISION

January 4 2026, 18:00 (PST) DOLBY AND DOUYIN EMPOWER THE NEXT GENERATON OF CREATORS WITH DOLBY VISION Douyin Users Can Now Create And Share Videos With Stun...

14/01/2026

ITV selects Yospace for Advanced Ad Measurement and Monetisation on Freely

Staines-upon-Thames, UK, 13th January, 2026 ITV, one of the UKs leading broadcasters, has selected Yospace, the global leader in Dynamic Ad Insertion (DAI), to ...

14/01/2026

Steiger Media reimagines broadcast workflows with Calrec

Steiger Media's adoption of Calrec's compact Argo M console not only makes its innovative new hybrid truck faster, more efficient, and agile, but also e...

14/01/2026

Sky News announces Cathy Newman to lead flagship new political programme

Wednesday 14 January 2026 Sky News announces Cathy Newman to lead flagship new political programme Sky News today announces that award-winning journalist and ...

14/01/2026

Special stamp celebrates 100 Years of Broadcasting in Ireland

The first stamp of An Post's 2026 Stamp Programme, marking 100 Years of Broadcasting, was unveiled at by Patrick O'Donovan TD, Minister for Culture, Com...

14/01/2026

It's Official! Beverley Callard joins Fair City

It's official! Beverley Callard has landed in Carrigstown. The beloved actor, known for her unforgettable roles and iconic screen presence, is joining the c...

13/01/2026

AGILE Against the Odds: Backing Innovative Income Streams for Independent Media

Independent media in Brazil and Colombia is facing an urgent crisis of traditional business models alongside a deteriorating security environment, according to ...

13/01/2026

SES Acknowledges Moody's Rating Action and Reiterates Deleveraging Commitments

Luxembourg, December 17, 2025 - SES S.A. ( SES or the Company ), a leading spa...

13/01/2026

Sky commissions original drama series The Girl with the Dragon Tattoo, based on Stieg Larssons globally bestselling Millennium novels

Written and executive produced by Steve Lightfoot and Angela LaManna, produced b...

13/01/2026

New updates to Hitmaker Expansion from Celemony and Softube

New updates to Hitmaker Expansion from Celemony and Softube Edit pitch-perfect vocals with Melodyne Essential and get radio-ready guitar tones from Softube...

13/01/2026

RT to mark 100 Years with special broadcasts live from the GPO this Thursday, January 15

Live broadcasts from RT 2FM Breakfast with Carl, Roz & Aisling, RT Radio 1 Tod...

12/01/2026

New Year, New Jobs, Renewed Commitment

Spotify's new co-CEOs, Alex Norstr m and Gustav S derstr m, start off the new year with a message of renewed leadership, creative responsibility, and what&#...

12/01/2026

Spotify's Artists to Watch 2026 Are Ready for the Spotlight

At Spotify, we listen to a lot of music. And every year, our global editors and artist partnerships teams come together to spotlight the emerging voices we beli...

12/01/2026

Spotify's Music Team Reveals Its Songwriters to Watch 2026

Spotify's global editors and Songwriter & Publisher Partnerships team spend their days immersed in new music, tracking the writers behind the songs breaking...

12/01/2026

Rohde & Schwarz opens larger office in Japan and increases its support for the Japanese automotive market

Rohde & Schwarz opens larger office in Japan and increases its support for the J...

12/01/2026

X-Rite and Rhopoint Launch Rhopoint PANTORA Aesthetix to Streamline Creation of Digital Material Twins

X-Rite and Rhopoint Launch Rhopoint PANTORA Aesthetix to Streamline Creation of...

12/01/2026

VEON's Kyivstar Launches 5G Pilot in Lviv

12 Jan 2026 VEON's Kyivstar Launches 5G Pilot in Lviv Lviv, January 12, 2026 - VEON, a global digital operator (Nasdaq: VEON), today announces that Kyivsta...

12/01/2026

The ultimate betrayal: Harry and Jamie Redknapp, Paul Merson and Karel Prince team up to find the culprit ahead of Transfer Deadline Day

Monday 12 January 2026 The ultimate betrayal: Harry and Jamie Redknapp, Paul Me...

12/01/2026

Rohde & Schwarz opens larger office in Japan to increase its support for the Japanese automotive market

Rohde & Schwarz opens larger office in Japan to increase its support for the Jap...

12/01/2026

Welcome to the AVECO team: introducing new members of management

Welcome to the AVECO team: introducing new members of management At AVECO, we are continuing to implement our #newAVECO strategy, which aims to build an even s...

12/01/2026

Comedian and actor Michael Fry becomes the first celebrity to exit Dancing with the Stars

For the first time in the nine-year history of Dancing with the Stars, the first...

10/01/2026

Golden Week Nominees Night Celebrates a Podcasting Milestone

This year, podcasts are making their Golden Globes debut with a new category honoring the medium's leading shows and creators. To mark the occasion, Spotify...

09/01/2026

RT delivers another record year in 2025, bringing Ireland together with national moments

RT Player has 157 million streams, up 10% year-on-year An increase on 2024, RT...

09/01/2026

2FM announces line-up of Rising Artists for 2026

RT 2FM has today announced the highly anticipated list of 2FM Rising Artists for 2026, kicking off 2FM Rising week for the eighth year on The Tracy Clifford Sh...

09/01/2026

RT to Host the 2026 RTS Ireland Awards

RT to Host the 2026 RTS Ireland Awards Thursday, 16 April 2026 | Dublin Royal Convention Centre The RTS Ireland Television Awards 2026 | Gradaim RTS 2026 | R...

08/01/2026

How disinformation is shaping Sudan's conflict: a new report

An evidence-based analysis on disinformation and information manipulation in Sudan's ongoing conflict is published today. (January 8th 2026). Thomson Found...

08/01/2026

One Year In: How Creators Are Growing Their Shows and Connecting With Audiences Through the Spotify Partner Program

In 2025 we launched the Spotify Partner Program to give creators more ways to tu...

08/01/2026

Spotify Toasts to the Future of Podcasting With Creators at Our New Sycamore Studios

On Wednesday in Los Angeles, Spotify welcomed creators and press to a brunch cel...

08/01/2026

TSA awards Rohde & Schwarz contract for advanced airport screening ahead of Soccer World Cup 2026

TSA awards Rohde & Schwarz contract for advanced airport screening ahead of Socc...

08/01/2026

Sound on Sound Magazine reviews CORE+ technology

The review looks back at DPA's miniature microphone development over the years. It compares the evolving technologies from the original mics through CORE an...

08/01/2026

Comscore Launches Audio Targeting and Measurement Capabilities with The Trade Desk, Helping to Unlock Incremental Reach for Advertisers

Comscore Launches Audio Targeting and Measurement Capabilities with The Trade De...

08/01/2026

Parents of murdered Irish woman Kirsty Ward speak out People need to know his name

Tonight, on RT Prime Time at 9:35pm on RT One and RT Player Tonight, Prime T...

08/01/2026

It's The Late Late Show Trad Special

The Late Late Show celebrates the very best of traditional Irish music with its first-ever full special dedicated entirely to the tradition Lisa Canny | Kevin...

08/01/2026

DANCING WITH THE STARS - WHO WILL BE THE VICTIM OF THE EARLIEST EVER SERIES ELIMINATION?

It will be murder on the dancefloor when Dancing with the Stars returns this S...

07/01/2026

A Defining Moment for Podcasts: Spotify Kicks Off Week of Festivities After Contributing More Than $10 Billion to the Industry

Spotify is launching a week-long celebration spotlighting creators at the center...

07/01/2026

Introducing Listening Activity and Request to Jam in Messages on Spotify

We know people use Spotify not just to listen, but to share the songs, podcasts, and audiobooks they love with their friends and family. When we launched Messag...

07/01/2026

Go Inside Spotify Sycamore Studios, Our New State-of-the-Art Podcast Studio in Hollywood

This week, all eyes are on the podcast industry as the Golden Globes recognizes ...

07/01/2026

Making It Easier for Video Podcasters to Earn on Spotify

Podcasts are stepping onto a new stage this week as the Golden Globes recognize the medium for the first time. To mark this milestone moment, we're hosting ...

06/01/2026

Spotify Celebrates Podcasting's Big Moment Ahead of First-Ever Golden Globes Category

Spotify is launching a week-long celebration spotlighting creators at the center...

06/01/2026

Spotify's New Gov Ball Experience Turns the 2026 Lineup Into a Personalized Data Story for Every Fan

Lorde. A$AP Rocky. JENNIE. Baby Keem. KATSEYE. That's just a taste of who...

06/01/2026

Channel 4 and UKTV Deliver Unmissable Entertainment and More Choice for Viewers

Channel 4 and UKTV are giving viewers even more reasons to stream, with UKTV's U service set to feature thousands of hours of free, unmissable and bingeable...

06/01/2026

An update on our Sky Mobile prices

Tuesday 6 January 2026 An update on our Sky Mobile prices Devesh Raj, Chief Operating Officer, Sky Today, we've announced some changes to the prices of ...

06/01/2026

Comscore Launches Daily Program-Level Reporting with Deduplicated Insights on Shows and Episodes across CTV and Linear TV

Comscore Launches Daily Program-Level Reporting with Deduplicated Insights on Sh...

06/01/2026

Comscore Completes Recapitalization Transaction with Preferred Stockholders Following Approval from Common Stockholders

Comscore Completes Recapitalization Transaction with Preferred Stockholders Foll...

05/01/2026

Celebrate Bad Bunny's DeB TiRAR MS FOToS' Anniversary With Playlist Cover Art Stickers and More

Bad Bunny's DeB TiRAR M S FOToS defined the sound of 2025 for listeners eve...

05/01/2026

RT waltzes into 2026 and entertains the nation as Dancing With The Stars and Room To Improve are huge hit

As the clock struck midnight and 2026 was born, so was an exciting range of new ...