Eutelsat: confirms targets for the 2024-25 financial year

(CercleFinance.com) - Total sales for the first quarter ended September 30, 2024 were 300 million euros, up 9.
4% on a reported basis, and 5.9% on a like-for-like basis.

Sales for the four Operating Activities (excluding 'Other revenues') totaled 297 million euros. This represents an increase of 5.5% on a like-for-like basis, excluding a negative currency effect of 1 million euros.

At September 30, 2024, the order backlog stood at 3.9 billion euros, a level comparable to that at the end of June 2024 and up on the previous year. It is equivalent to 3.2 times sales for the 2023-24 financial year.

The Group confirms its financial targets for the 2024-25 financial year. It expects sales for the four operating businesses in fiscal 2025 to be at the same level as in fiscal 2024, an adjusted EBITDA margin slightly lower than in fiscal 2024, and gross capital expenditure for fiscal 2024-25 in the range of 700 to 800 million euros.

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