Eutelsat: Q3 sales down 4.4%
(CercleFinance.com) - Eutelsat's Q3 sales reached 322 million euros, down 4.
Sales over the first nine months of FY 2019-20 amounted to 958.7 million euros, down 3.6% as reported. Sales of its five operating verticals (excluding Other Income) decreased by 2.6% as reported and were down 3.8% on a comparable basis.
Its backlog reached 4.2 billion euros at 31 March 2020, compared to 4.3 billion euros at the end of December 2019 and 4.4 billion euros a year ago.
The group has confirmed its financial outlook: "Revenues from the five operating verticals are expected to amount to around E1,250 million... and will continue to aim at a medium-term net debt/EBITDA ratio around 3x," it said.
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