Q1 2024 Eutelsat Communications SA Corporate Sales Call Transcript

Feb 13, 2024

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Oct 26, 2023 / 07:00AM GMT
Operator

Hello, and welcome to Eutelsat First Quarter 2023-'24 Revenue. My name is Alicia and I will be your coordinator for today's event.

Please note this call is being recorded. (Operator Instructions)

I will now hand you over to Christophe Caudrelier, CFO to begin today's conference. Thank you.

Christophe Caudrelier - Eutelsat Group - CFO

Thank you. Good morning, to all. Welcome. And thank you for joining us today for Eutelsat first quarter 2024 revenue's presentation. I am Christophe Caudrelier, and I am the Group CFO.

Let's start by taking a quick look at recent highlights. First quarter operating verticals revenue were down minus 2.4% like-for-like. On a sequential basis, however, they were up almost 3% excluding a one-off in Government Services in Q4 2023. This improved trend was driven by continued robust double-digit growth in Mobile Connectivity on the back of strong commercial momentum. The final beam of the EUTELSAT QUANTUM satellite was sold during this quarter, completing what has been a record ramp-up for a fully incremental

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