The Board of Directors of Eutelsat Communications, chaired by Dominique D’Hinnin, assessed the financial outcomes for the Half Year completed 31 December 2024.
Eva Berneke, Chief Executive Officer of Eutelsat Communications, acknowledged: “First Half incomes and success remained consistent with assumptions, and permit us to confirm our functions for the whole yr, whereas our gross capex landing is at present anticipated at EUR500-600 million, a lower of c. EUR200 million about earlier value quotes.
The last few months have really seen the location of quite a few variables main the way in which for Eutelsat’s LEO build-out strategy: initially, the exercise of the put selection for the partial disposal of our passive floor process, with earnings due H1 schedule 2026 and 2nd, verification of the European Union’s IRIS2 multi-orbit constellation standing for a significant motion in Eutelsat’s LEO strategy, which subsequently specifies the guidebook for the appearing LEO constellation growth. We are proactively coping with a funding technique in accordance with our crucial guidebook and long run make the most of goal.”
Eutelsat Group is a global chief in satellite tv for pc interactions, offering connection and program options worldwide. The Group was created by way of the combination of Eutelsat and OneWe b in 2023, coming to be the very first completely included GEO-LEO satellite tv for pc driver with a fleet of 35 geostationary (GEO) satellites and a Low Earth Orbit (LEO) constellation of higher than 600 satellites.
The Group addresses the calls for of customers in 4 essential verticals of Video, the place it disperses higher than 6,500 television networks, and the high-growth connection markets of Mobile Connectivity, Fixed Connectivity, andGovernment Services Eutelsat Group’s one-of-a-kind assortment of in-orbit properties and on-ground framework permits it to produce included providers to meet the calls for of worldwide customers. The Company is headquartered in Paris (France) and Eutelsat Group makes use of higher than 1,500 people from higher than 50 nations.
The Group is devoted to offering safe, sturdy, and eco lasting connection to help join the digital divide. The Company is famous on the Euronext Paris Stock Exchange (ticker: ETL) and the London Stock Exchange (ticker: ETL).
