Satellite Connectivity Market Opportunity
NET INCOME
Extracts from the
consolidated income
statement in €m
FY
2021-22
FY
2022-23
CHANGE
Revenues
1,152
1,131
-1.8%
Adjusted
862
825
-4.2%
EBITDA1
Operating
425
573
+35.0%
income
Financial result
(65)
(91)
-40.7%
Income tax
(49)
(67)
-36.9%
Group share
of net income
231
315
+36.4%
Lower D&A due to lower in-orbit and on-ground
depreciation. H13F and H13G in service end of period
Other operating income of €203m, compared to income
of €45 million last year, principally $382m payment of
Phase II of C-Band proceeds.
► Unfavorable evolution of FX gains and losses as well
as higher interest rates.
Higher tax, at -€67 million versus -€49 million a
year earlier, reflecting notably the 30% tax rate
applied to the above-mentioned C-Band proceeds.
-€87m income from associates (mainly OneWeb)
Net margin of 28% versus 20% last year
1 Adjusted EBITDA defined as operating income before depreciation, amortization, impairments and other operating income/(expenses)
EUTELSAT
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