Eutelsat reported Q1 results below expectations and significantly revised downward its FY15/16 and FY16/17 guidance. For the quarter, revenues reached €383m, up 4.2% on a reported basis and 1.1% at constant currency. The order backlog reached €5.9bn (vs €6.4bn a year earlier), representing four years of revenues. For the 9-month period, revenue reach €1,157m, up 6.1% on a reported basis and 1.3% at constant currency. The firm updated its guidance taking into account diffic
15 May 2016
Major short-term worries and low medium-term visibility
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Major short-term worries and low medium-term visibility
Eutelsat Communications SA (ETL:PAR) | 0 0 9.4% | Mkt Cap: 4,324m
- Published:
15 May 2016 -
Author:
Myriam Cohen -
Pages:
3
Eutelsat reported Q1 results below expectations and significantly revised downward its FY15/16 and FY16/17 guidance. For the quarter, revenues reached €383m, up 4.2% on a reported basis and 1.1% at constant currency. The order backlog reached €5.9bn (vs €6.4bn a year earlier), representing four years of revenues. For the 9-month period, revenue reach €1,157m, up 6.1% on a reported basis and 1.3% at constant currency. The firm updated its guidance taking into account diffic