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, said: “First Half incomes and success remained consistent with assumptions, and permit us to confirm our functions for the entire yr, whereas our gross capex landing is at present anticipated at EUR500-600 million, a lower of c. EUR200 million about earlier worth quotes.
The last few months have truly seen the location of quite a few variables main the best way for Eutelsat’s LEO build-out method: initially, the exercise of the put selection for the partial disposal of our passive floor job, 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 method, which subsequently specifies the guidebook for the performing LEO constellation enlargement. We are proactively coping with a funding technique in accordance with our important guidebook and long run make the most of objective.”
Eutelsat Group is a world chief in satellite tv for pc interactions, offering connection and program options worldwide. The Group was created by way of the combo 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 better than 600 satellites.
The Group addresses the calls for of customers in 4 essential verticals of Video, the place it disperses better 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 provide included providers to satisfy the calls for of worldwide customers. The Company is headquartered in Paris (France) and Eutelsat Group makes use of better than 1,500 people from better 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).
