Eutelsat result 12/05/2017

By Jasmine Kang Sodha
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Eutelsat reported its FY17 Q3 result with net sales of €364.3 million ($397.2 million), which was lower by 4.2% on a yearly basis. The revenue from broadcast video channels at €228.1 million($248.7 million) was down 4.1% on a yearly basis, while professional video revenue was also 9.1% down on a yearly basis, primarily reflecting continued pressure on contribution services during this period.

However, the company said that its channel count was up 3.2% on a yearly basis to reach 6,356, and with HD penetration also rising to 1,057 channels. The forward contracted backlog stood at €5.2 billion ($5.7 billion), which was well down on the €5.9 billion a year ago.