(AOF) – Eutelsat’s revenue reached €287 million in the third quarter of the 2021-2022 financial year, down 4.8% YoY and 2.7% YoY.
“The third quarter was marked by a strong performance, with an improvement trend in broadcasting and strong double-digit growth in fixed broadband and mobile connectivity while the evolution of government services inevitably reflects the geopolitical environment in the Middle East,” commented Eva Berneke, CEO of the satellite operator.
During the first nine months of the financial year, sales were €859 million, down 7.6% on a reported basis and 4% on a comparative basis.
Eva Berneke noted that “sales volume for the first nine months is generally in line with our expectations, and therefore we affirm all of our financial targets.”
For the whole of the 2021-2022 financial year, Eutelsat specifically aims to generate revenue from operating activities for the current financial year between €1.11 and €1.13 billion.
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the main points
– the second global operator of communications satellites created in 1977 with a market share of 16%;
– turnover of 1.28 billion euros from 39 satellites in operation, divided between video by 61%, professional data and video by 14%, government services by 13%, mobile communication by 6% and broadband by 6%;
– International diversity between Europe (26%), North Africa and the Middle East (22%), the Americas (10%), Sub-Saharan Africa (10%), Central Europe (9%)…;
– A1 . based business model
Time, on generating free cash flow thanks to long-term contracts (10 to 15 years, satellite life), at 2
Time to grow back thanks to video and calling;
– Capital détenu à 19,8 % par BPIFrance, 7.5% par le Fonds stratégique d’investissement et 6,7 % par China Investment Capital, Dominique d’Hinnin présidant le conseil d’administration de 11 membres et Eva Berneke nouvelle directrice General;
Sound financial position (debt leverage reduced to 3.05) with €1 billion in cash, including €474 million in free cash flow.
– Short and Medium-Term Strategy: By 2025: accelerate growth in video (increasing broadband power with ViaSat and High Definition) and in connectivity;
Incorporating innovation strategy into the business model.
– a structured environmental strategy between space fleet management under the Net Zero Space initiative – avoiding congestion, managing space debris and minimizing the impact of the end-of-life of satellites – and maximizing the impact of ground operations;
– release of C-band spectrum, for the benefit of the US Federal Communications Commission, by early 2022, for a total amount of 507 MS;
– Initiating an IoT strategy with ELO – 5 nanosatellites launched in 2021 and 25 in 2022 – and IoT First, an integrated service running on the geostationary fleet;
– Successful launch of OneWeb-constellation quantum and capital booster in low orbit;
Good business vision with an order book of €4.2 billion.
– Learn about Google / Qualcomm’s projects to launch connected TV and new competition from Tesla;
– launch delays due to logistical disruptions and revenue constraints in mobile connectivity affected by reduced air and sea traffic;
Maintaining investments of $400 million annually until 2024.
Mass media: the gradual disappearance of a free press and
Regional press reports
The pandemic has severely affected a free press that is already struggling. The first headline for the crash was the daily Metro, which ceased publication in 2015. The health crisis has reduced ad spending for several months while the economic model of these headlines is entirely dependent on advertising revenue. In addition, discontent with public transportation, and the popularization of remote work in companies have further reinforced the unfavorable context. According to data from ACPM (Alliance of Press and Media Personalities), free news journalism experienced a 54.3% drop in circulation in 2020, compared to 2019. The only survivor now is the 20 Minutes newspaper (created in 2002). Since June 2021, its hard copy has been distributed three days a week. After a 38% drop in trading volume in 2020, digital banking is back to normal again.
As for the PQR (Regional Daily Press), it is ramping up initiatives to boost digital subscriptions, having long escaped the newspaper distribution crisis thanks to subscriptions. According to the ACPM Monitor, the share of online digital copies (individually and by third parties) accounts for 57.3% of the circulation of national dailies, but only reaches 10% for regional dailies. To retain digital subscribers, who are more fickle than paper subscribers, regional dailies are expanding their content offering. Thus five publishers (“Le Télégramme”, “La Voix du Nord”, “Sud-Ouest”, “La Nouvelle République du Center-Ouest” and “Ebra”, a subsidiary of Crédit Mutuel together hold several titles) in television Inside a company, Territories TV, to better monetize their digital audiences.