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Eutelsat Communications ( (FR:ETL) ) has shared an announcement.
Eutelsat Communications announced its financial results for the first half of the 2024-25 fiscal year, revealing a 5.9% increase in total revenues to €606.2 million. This growth was driven by a significant rise in connectivity revenues, despite a decline in video revenues. The company confirmed its full-year objectives and reported a reduction in its capital expenditure estimates by approximately €200 million. Eutelsat’s strategic roadmap is bolstered by the confirmation of the European Union’s IRIS2 multi-orbit constellation, a key step in its LEO strategy and interim constellation extension.
More about Eutelsat Communications
Eutelsat Communications operates in the satellite communications industry, providing services such as video broadcasting and connectivity solutions with a focus on expanding its low Earth orbit (LEO) satellite strategy.
YTD Price Performance: -24.26%
Average Trading Volume: 1,025
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $849.3M
Learn more about ETL stock on TipRanks’ Stock Analysis page.
