EUTELSAT Communications, one of the world’s leading operators in the commercial satellite business, reported that it generated €47.7 million in revenue from its business operations in Africa as posted in its first half (H1) 2021-2022 results. The company’s EBITDA margin – a performance metric that measures its operating profit as a percentage of its revenue – remained strong at 76.1 per cent, indicating that Eutelsat operates more efficiently and maximizes its profitability despite a 9 per cent year-on-year (YoY) decline in revenue. The H1 2021-2022 results showed that Eutelsat’s total revenue across all geographical markets declined, including a slight 0.4 per cent revenue decrease in Africa from €47.9 million reported in the same period last year. The company recorded sustained progress in its fixed broadband strategy and growing momentum, particularly in Africa, driven by increased partnership agreements. Within the period under review, a multi-year, multi-Gbps wholesale capacity contract was secured with Globacom, Nigeria’s second-largest telecom operator, and a service agreement with Vodacom Tanzania, the country’s leading telecommunications company.
Eutelsat also signed a contract with Intersat for the entire capacity covering two West Africa countries— the Gambia and Guinea Bissau. One of Eutelsat’s critical priorities for FY 2021-2022 is to maximise the cash generation of the heritage businesses, deliver growth in connectivity verticals, and ramp up Konnect Africa operations. Eutelsat plans to launch EUTELSAT 36D in Africa, a planned new generation multi-mission geostationary telecommunications satellite ordered from Airbus.