Eutelsat Communications (FR:ETL) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Eutelsat Communications reported a 5.5% rise in operating verticals revenue, reaching €297 million in Q1 2024-25, driven by strong growth in LEO-enabled connectivity solutions. Despite a 7.3% decline in video revenues, the company experienced significant increases in government services and fixed connectivity, boosting investor interest in its diversified portfolio. Eutelsat’s strong performance reaffirms its financial objectives for the year, maintaining market confidence.
For further insights into FR:ETL stock, check out TipRanks’ Stock Analysis page.