Eutelsat Meets Financial Goals, Expands Market Reach

Eutelsat Communications (FR:ETL) has released an update.

Eutelsat Communications has successfully met its full-year 2023-24 financial objectives, with operating revenues hitting €1,268 million and an adjusted EBITDA of €698 million. The company has enhanced its market position by becoming the world’s first LEO-GEO satellite operator following its merger with OneWeb, promising continued growth and a focus on financial stability. Despite some initial challenges with OneWeb’s service rollout, Eutelsat anticipates growth in connectivity revenues in the coming fiscal year.

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