Aug 5, 09:01 AM

Eutelsat Reports 2024-25 Results with 84% LEO Revenue Growth, 1.5 Billion Euro Capital Increase, Stock Up 23%

Eutelsat Communications reported its full-year results for the 2024-25 fiscal year, meeting all its financial objectives despite a notable increase in losses. The satellite communication provider experienced an 84% surge in revenue from its Low Earth Orbit (LEO) services, benefiting from growing government interest as an alternative to Starlink. The company confirmed its annual targets and is positioned to successfully execute capital increases totaling 1.5 billion euros by the end of the year. Following the earnings release, Eutelsat's stock rose by more than 23% over two sessions. However, the company cautioned about declining profit margins despite the higher demand for its services.

#Eutelsat Communications #Low Earth Orbit #LEO #Starlink #Eutelsat

Written with ChatGPT (GPT-4).

Sources

The Register@TheRegister
1 year ago
Eutelsat LEO revenue rockets 84% as governments cool on Starlink https://t.co/txAye5znKd
FT Technology News@fttechnews
1 year ago
Eutelsat warns of sinking margins despite higher demand for rival to Starlink https://t.co/bjFQqfoTd3
L'AGEFI@AgefiFrance
1 year ago
Eutelsat confirme ses objectifs annuels après avoir répondu aux attentes en 2024-2025. L’opérateur satellitaire se met en bonne position pour réussir ses augmentations de capital d’un total de 1,5 milliard d’euros d’ici à la fin de l’année. https://t.co/pjX6sZbUWV

Eutelsat Reports 2024-25 Results with 84% LEO Revenue Growth, 1.5 Billion Euro Capital Increase, Stock Up 23%

Sources

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