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What are the growth prospects for Eutelsat Communications?

April 26, 2017communications eutelsat growth prospects

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What are the growth prospects for Eutelsat Communications?

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Following its performance in 2007-2008, the favourable market outlook and its satellite launch schedule, the Group provides the following update to the financial objectives presented on February 10, 2009:

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The Group now targets revenues in excess of €1.12 billion for fiscal year 2010-2011 and a 3-year CAGR above 7% for 2010-2011 to 2012-2013. This increase is consistent with the 25% fleet capacity expansion (including KA-SAT) planned over the same period by the investment programme described above. Given the excellent performance achieved in 2009-2010, the Group is adjusting its profitability objectives: it targets EBITDA margin above 77% for each fiscal year until June 2013 – against the objective announced in July 2009 of around 77% – with EBITDA above €875 million for fiscal year 2010-2011.