Satellite operator Eutelsat has raised its 2009-10 financial year targets on the back of strong revenue growth in the first half.
The Paris-based operator now expects full-year revenues to exceed 1.02bn and EBITDA to exceed Â795m.
Revenues for the first half were Â508m, up 9.6%, and EBITDA was Â411.6m, up 9.7%. Eutelsat turned in an EBITDA margin of 81%, up 0.1%.
EutelsatÂs new CEO Michel de Rosen said that the results highlighted Âthe efficiency with which our strategy has been implemented over the last years through clearly targeted and entirely self-financed investmentsÂ.
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