Eutelsat rides Ukraine and government deals to beat revenue projections

Description

French-based satellite operator Eutelsat has reported a modest increase in revenue for the year to June 30, beating forecasts due to solid demand mainly from governments. This comes as both corporate clients and European governments are also looking at other options outside US service providers like Starlink . The Paris-listed company generated €1.23 billion in revenue in the year under review, a modest 0.8% increase on the previous year. Analysts had forecast €1.21 billion, according to a compa...