Investors didn’t much care for Eutelsat’s half-year financials issued on February 17th. Eutelsat’s share price fell 8.95 per cent on the day to €6.46 per share, a worrying low-point for the past 12-months and a 64.99 per cent collapse on the past five years. It is also an all-time low for the company’s shares. The […]
Eutelsat has unveiled its H1 numbers for its 2022-2023 financial year. There was plenty of good news, despite the headline number which showed its total revenues (like for like) falling 6.1 per cent to €574 million. These numbers translated into some strong revenue falls. For example, Broadcast revenue fell 6.7 per cent. Data & Professional […]
NileSat has not enjoyed the best of times this past few years, with revenues and profits under pressure. But this year is proving to be significantly better. The satellite operator has reported 48.90 per cent higher profits during the first nine months of 2022 to $30.24 million, compared to $20.30 million in the corresponding period […]
Eutelsat has unveiled its Q1 results showing overall revenues have fallen by 4.5 per cent on a like-for-like basis to €287 million. But CEO Eva Berneke said that its merger with OneWeb, now progressing through the normal regulatory measures, would take the combined businesses to revenues of €2 billion by 2027. Berneke said that the […]
Cairo-based satellite operator Nilesat has reported its half-year numbers to the local stock exchange, and they are not good. Revenue for its half-year have fallen to $50.14 million (€49.1m), down from $59.49 million in the same period last year. Net earnings of Nilesat reached $18.70 million during the six-month period ended June 30th 2022, compared […]
Cairo-based Nilesat has declared its worst set of results for four years. The satellite operator’s revenue has declined for the fourth successive year from $156.22 million (€149m) in 2017 to $111.76 million at the year-end December 31st 2021. This represents a Y-o-Y decrease of 10.66 per cent from US$125.1 million compared to 2020 and 28.46 […]
On June 8th at 5:04 p.m. Eastern Time, a SpaceX workhorse Falcon 9 rocket launched Egypt’s Nilesat 301 satellite to a geosynchronous transfer orbit from Space Launch Complex 40 (SLC-40) at Cape Canaveral Space Force Station in Florida. Flying this mission was a first stage booster making its seventh flight. After it completed its main […]
This week SpaceX will launch Nilesat 301, Egypt’s latest addition to its long-established satellite fleet. But Cairo-based Nilesat has a few domestic problems of its own to address, and as a result is talking to fellow MENA states about deepening cooperation in space and TV broadcasting. Ahmed Anis, Chairman of the Egyptian Satellite Company, announced […]
SpaceX will launch the geostationary communications satellite NilesSat 301 on a Falcon 9 rocket on June 10th, subject to the usual weather considerations. Launch will take place from Cape Canaveral at 1am (Florida time). SpaceX says that at the request of the customer, the satellite will be inserted into a higher orbit that will need […]
NileSat has again seen its profits squeezed. It has recorded net profits of $7.27 million (€7m) during the first quarter of 2022, lower than $15.30 million in Q1 last year. NileSat’s revenues settled at $25.04 million in the first three months of this year, compared to $30.95 million during the same period a year earlier, […]