Q1 2024 Eutelsat Communications SA Corporate Sales Call Transcript
Hello, and welcome to Eutelsat First Quarter 2023-'24 Revenue. My name is Alicia and I will be your coordinator for today's event.
Please note this call is being recorded. (Operator Instructions)
I will now hand you over to Christophe Caudrelier, CFO to begin today's conference. Thank you.
Thank you. Good morning, to all. Welcome. And thank you for joining us today for Eutelsat first quarter 2024 revenue's presentation. I am Christophe Caudrelier, and I am the Group CFO.
Let's start by taking a quick look at recent highlights. First quarter operating verticals revenue were down minus 2.4% like-for-like. On a sequential basis, however, they were up almost 3% excluding a one-off in Government Services in Q4 2023. This improved trend was driven by continued robust double-digit growth in Mobile Connectivity on the back of strong commercial momentum. The final beam of the EUTELSAT QUANTUM satellite was sold during this quarter, completing what has been a record ramp-up for a fully incremental
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