Eutelsat trims revenue forecast, says Quantum, Konnect satellites’ revenues face delays with Covid-19

PARIS — Satellite fleet operator Eutelsat, whose 13% dividend was as attractive as it was anomalous in a Covid-19 environment, will propose a 30% dividend cut to its shareholders and expects revenue for its fiscal year ending June 30 to be 3% lower than forecast because of the pandemic’s effect.

For Eutelsat, the Covid-19 effects are likely to include delayed revenue ramp-up for satellite programs that had been key to the company’s expect growth in 2021.

First, the Airbus Defence and Space . . .