ERRATUM - Eutelsat Communications: Second Quarter and First Half 2023-24 Results Press Release
March 06 2024 - 3:28AM
Business Wire
Regulatory News:
Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris /
London Stock Exchange: ETL) makes corrections to its press release
published February 16, 2024 following the detection of errors
detailed below. The corrected version of the press release can be
accessed by clicking on this link: Second Quarter and First Half
2023-24 Results Press Release.
Page 5 Instead of: “Corporate Income Tax: gain of €28.5
million versus tax cost of €0.8 million last year reflective the
recognition of positive deferred tax on the C-band payment as well
as a reduction of the French corporate tax rate.”, please read
“Corporate Income Tax: gain of €28.5 million versus tax cost of
€0.8 million last year mainly driven by the positive deferred tax
recognized due to the Satmex arc assets impairments.”
Page 11 In the table “Extract from the consolidate
statement of cash flows” Line “Acquisitions of satellites, other
property and equipment, and intangible assets” for -€294.7m please
read -€194.7m, as of December 31, 2023. Line “Proceeds from release
of the C band” for €330.4 has been reclassified in “Net cash flows
from investing activities, as of December 31, 2023. Line
“Acquisitions of equity investments and other movements” for
€298.0m please read €143.1m, as of December 31, 2023. Line “Net
cash flows from investing activities” for €3.3m please read
€333.8m, as of December 31, 2023. Line “Net cash flow from
financing activities” for €123.4m please read -€207.1m, as of
December 31, 2023.
About Eutelsat Group Eutelsat Group is a global leader in
satellite communications, delivering connectivity and broadcast
services worldwide. The Group was formed through the combination of
Eutelsat and OneWeb in 2023, becoming the first fully integrated
GEO-LEO satellite operator with a fleet of 35 geostationary (GEO)
satellites and a Low Earth Orbit (LEO) constellation of more than
600 satellites.
The Group addresses the needs of customers in four key verticals
of Video, where it distributes more than 6,500 television channels,
and the high-growth connectivity markets of Mobile Connectivity,
Fixed Connectivity, and Government Services. Eutelsat Group’s
unique suite of in-orbit assets and on-ground infrastructure
enables it to deliver integrated solutions to meet the needs of
global customers. The Company is headquartered in Paris and
Eutelsat Group employs more than 1,700 people from more than 50
countries.
The Group is committed to delivering safe, resilient, and
environmentally sustainable connectivity to help bridge the digital
divide. The Company is listed on the Euronext Paris Stock Exchange
(ticker: ETL) and the London Stock Exchange (ticker: ETL).
Find out more at www.eutelsat.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240305205447/en/
Media enquiries Joanna Darlington +33 674 521 531
jdarlington@eutelsat.com
Anita Baltagi +33 643 930 178 abaltagi@eutelsat.com
Katie Dowd +1 202 271 2209 kdowd@oneweb.net
Investors Joanna Darlington +33 674 521 531
jdarlington@eutelsat.com
Hugo Laurens-Berge +33 670 80 95 58
hlaurensberge@eutelsat.com
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