Eutelsat: FY earnings up 16.7%

(CercleFinance.com) - Eutelsat Communications today announces FY 2018-19 net attributable profit that is up 16.
7% at 340.4 million euros, with a 0.8 point improvement in its EBITDA margin to 78.4% at constant exchange rates.

The satellite operator's revenues reached 1,321 million euros, down 3.1% on a comparable basis for operating activities, while its discretionary free cash flow rose 9.6% to 439.3 million euros.

Aiming for discretionary free cash flow of around 500 million euros in 2021-22, Eutelsat is offering a dividend per share of 1.27 euro for the year and a share buyback program of at least 100 million euros over the next three years.


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