Eutelsat Communications announced its financial results for the third quarter and nine month for fiscal year 2018 ended March 31, 2018. Net revenues for Q3 FY18 were €337 million ($398 million), a decrease of 7.4%, compared to €364 million ($430 million) in Q3 FY17.
Net revenues for nine month of fiscal year 2018 were €1,034 million ($1,221 million), a decrease of 7.6%, compared to €1,119 million ($1322 million) in nine month of fiscal year 2017.
All the business verticals of Eutelsat Communications showed decline in revenues compared to nine month revenues of FY17 and company expects the revenues to be on a slight growth path during FY2018-19 onwards.
