Eutelsat Posts Third-Quarter Gross sales in Line With Expectations

(Reuters) – Eutelsat, the world’s third-biggest satellite tv for pc operator by income, on Thursday reported third-quarter gross sales consistent with expectations, supported by sustained progress in its fastened broadband and cell connectivity divisions.

The corporate reported a 5.2% fall in quarterly income to 272 million euros ($299.4 million), in opposition to analysts’ common estimate of 271 million euros in a company-provided ballot.

The group confirmed its monetary targets for fiscal 2022/23 and in long term, together with an annual adjusted discretionary free money movement of 420 million euros.($1 = 0.9084 euros)

(Reporting by Lina Golovnya in Gdansk; modifying by Milla Nissi)

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