Eutelsat: stock bubbling after targets raised

(CercleFinance.com) - The Eutelsat share is jumping on Friday morning (+5% an hour into trading), after the group tightened up its revenue target for operating activities for 2020-21 to between 1,190 million euros and 1,220 million euros (compared with 1,180 - 1,220 million euros previously).
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The satellite operator has reported net income, group share that is down 2.3% to 137 million euros for the H1 2020-21, with an EBITDA margin of 76.7% (also 76.7% at constant exchange rates), down about 1% from 77.8% a year ago.

Total H1 revenue came in at 629 million euros, down 1.3% (-1.6% on a comparable basis). At 31 December 2020, the group's order backlog reached 4.4 billion euros, compared with 4.1 billion euros at 30 June.


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