The Board of Directors of Eutelsat Communications, chaired by Dominique D’Hinnin, assessed the monetary outcomes for the Half Year finished 31 December 2024.
Eva Berneke, Chief Executive Officer of Eutelsat Communications, stated: “First Half incomes and success remained in line with assumptions, and allow us to verify our purposes for the complete year, while our gross capex touchdown is currently anticipated at EUR500-600 million, a decrease of c. EUR200 million about previous price quotes.
The previous couple of months have actually seen the placement of numerous variables leading the way for Eutelsat’s LEO build-out approach: initially, the workout of the put choice for the partial disposal of our passive ground task, with profits due H1 schedule 2026 and 2nd, verification of the European Union’s IRIS2 multi-orbit constellation standing for a vital action in Eutelsat’s LEO approach, which subsequently specifies the guidebook for the acting LEO constellation expansion. We are proactively dealing with a funding strategy in accordance with our critical guidebook and longer term utilize purpose.”
Eutelsat Group is an international leader in satellite interactions, providing connection and program solutions worldwide. The Group was created via the mix of Eutelsat and OneWe b in 2023, coming to be the very first totally incorporated GEO-LEO satellite driver with a fleet of 35 geostationary (GEO) satellites and a Low Earth Orbit (LEO) constellation of greater than 600 satellites.
The Group addresses the demands of consumers in 4 crucial verticals of Video, where it disperses greater than 6,500 tv networks, and the high-growth connection markets of Mobile Connectivity, Fixed Connectivity, andGovernment Services Eutelsat Group’s one-of-a-kind collection of in-orbit properties and on-ground framework allows it to supply incorporated services to fulfill the demands of worldwide consumers. The Company is headquartered in Paris (France) and Eutelsat Group utilizes greater than 1,500 individuals from greater than 50 nations.
The Group is dedicated to providing secure, durable, and eco lasting connection to assist connect the electronic divide. The Company is noted on the Euronext Paris Stock Exchange (ticker: ETL) and the London Stock Exchange (ticker: ETL).
