Updated Revenue Objectives and Growth Capacity
PROFITABILITY
►H1 EBITDA margin of 76.4% at constant currency¹
down 0.6 points YoY
Lower revenues
➤ Lower Opex
484
EBITDA (Єm)
436
•
Positive effect of changes in perimeter
Margin at
constant
currency
77.0%
76.4%
•
Lower Bad Debt
•
Continued strict cost discipline in the legacy businesses
► LEAP 2: €24m savings in FY 22 now secured
High-end of the €20-25m range
1 76.1% reported.
EUTELSAT
H1 2020-21
H1 2021-22
The comparative financial statements as of 31 December 2020 have been restated with respect to the CVAE, which has been reclassified from
"Selling, general and administrative expenses" to "Corporate income tax" for an amount of 2.1 million euros in order to align the presentation with
the consolidated financial statements as of 31 December 2021.
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