PARIS — Satellite fleet operator Eutelsat said its core broadcast market remains solid and that its poor track record in forecasting annual revenue is less important than hitting its key performance targets on EBITDA margin, free cash flow and return on invested capital.
Paris-based Eutelsat surprised the market on the downside yet again by saying its total revenue for the fiscal year ending June 30 will not be flat from the previous year, but down 3%.
But the company reiterated its EBITDA margin target of at least . . .
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