February 16, 2018 / 7:02 AM / 4 months ago

Eutelsat H1 core earnings weighed down by slowing video

Feb 16 (Reuters) - French satellite operator Eutelsat reported on Friday a drop of 7.4 percent in first-half core profit (EBITDA), weighed down by continuous slowing demand in its video division.

Its core business, video application, showed a 1.2 percent like-for-like decline in the first-half.

The company reported EBITDA of 544.6 million euros ($682.71 million) on revenue of 696.6 million euros.

Eutelsat confirmed its target for core profit margin of over 76 percent for fiscal year 2017/2018. ($1 = 0.7977 euros) (Reporting by Anita Kobylinska; Editing by Biju Dwarakanath)

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