Eutelsat Communications (FR:ETL) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Eutelsat Communications has successfully met its full-year 2023-24 financial objectives, with operating revenues hitting €1,268 million and an adjusted EBITDA of €698 million. The company has enhanced its market position by becoming the world’s first LEO-GEO satellite operator following its merger with OneWeb, promising continued growth and a focus on financial stability. Despite some initial challenges with OneWeb’s service rollout, Eutelsat anticipates growth in connectivity revenues in the coming fiscal year.
For further insights into FR:ETL stock, check out TipRanks’ Stock Analysis page.
