Eutelsat: H1 net income down 5%
(CercleFinance.com) - Eutelsat has published H1 2018-19 net attributable income that is down 5% at 150 million euros, with an EBITDA margin of 78.
8% (79.0% at constant exchange rates), against 79.4% the previous year.
Revenues from operating activities reached 660 million euros, down 2.4% on a comparable basis. The group's order backlog stood at 4.6 billion euros at 31 December 2018, just under the 4.7 billion euros a year earlier and 4.6 billion euros at the end of June 2018.
The satellite operator confirms all of its financial objectives for 2018-19 and subsequent years, including "globally stable" revenue for 2018-19, with a return to "slight growth" as from 2019-20.
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