Eutelsat Communications (EUTLF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the UTELSNA third quarter and nine months 2024 and 25 revenues call. My name is Alan and I'll be your coordinator for today's event. Please note this call is being recorded and for the duration your lines will be on listen only. However, you will have the opportunity to ask questions at the end. This can be done by pressing star 1 on your telephone keypad. If you require assistance at any time, please press star zero and you'll be connected to an operator. I'll now hand you over to your host, Christophe Caudelier, to begin today's conference. Thank you. Hello, everyone. Welcome and thank you for joining us today for UTELSAT's third quarter 24-25 revenues presentation. I'm Christophe Caudelier, Group CFO, and I'm joined today by Joanna Darlington, Chief Communications and Investor Relations Officer. On today's agenda, we will cover recent highlights, Q3 performance, and outlook and financial objectives. Let's start with the highlights. Third quarter revenues of the four operating verticals, i.e. excluding other revenues, stood at €300.6 million. They were down 2.2% on a like-for-like basis. of the four operating verticals for the first nine months were up 1.8% on a like-for-like basis. Connectivity applications continue to see double-digit growth on the back of LEO-enabled solutions. With all this, we confirm all our full-year 24-25 financial objectives. Let's turn specifically to the Q3 performance. First, as a reminder, all commentary is on a like-for-like basis, i.e. at constant currency and parameter. Total revenues for the third quarter stood at 300 million euros, down 1.9% on a like-for-like basis. They reflected, first, a 7 million euro positive currency effect, and second, a 1 million euro negative swing in other revenues, mainly from hedging. Exclu...