REG-Eutelsat Group ERRATUM - Eutelsat Communications: Second Quarter and First Half 2023-24 Results Press Release

Eutelsat Communications SAAnnouncement

06/03/2024 08:30

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ERRATUM - Eutelsat Communications: Second Quarter and First Half 2023-24
Results Press Release

 

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
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.eutelsat.com%2Ffiles%2FH1_FY_2023_24_PR%2520_vENG_vFINAL.pdf&esheet=53905724&newsitemid=20240305081508&lan=en-US&anchor=Second+Quarter+and+First+Half+2023-24+Results+Press+Release&index=1&md5=ab9c3ebcaa7e8ce6e24ce4737964a333)
.

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
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.eutelsat.com&esheet=53905724&newsitemid=20240305081508&lan=en-US&anchor=www.eutelsat.com&index=2&md5=73f18d7470e9ac8d52853a4bd2be5be9)
.

Media enquiries 

Joanna Darlington

+33 674 521 531

jdarlington@eutelsat.com (mailto:jdarlington@eutelsat.com)

Anita Baltagi

+33 643 930 178

abaltagi@eutelsat.com (mailto:abaltagi@eutelsat.com)

Katie Dowd

+1 202 271 2209

kdowd@oneweb.net (mailto:kdowd@oneweb.net)

Investors 

Joanna Darlington

+33 674 521 531

jdarlington@eutelsat.com (mailto:jdarlington@eutelsat.com)

Hugo Laurens-Berge

+33 670 80 95 58

hlaurensberge@eutelsat.com (mailto:hlaurensberge@eutelsat.com)



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