In Paris, Eutelsat shares are under heavy selling pressure as its annual results and guidance fall short of expectations
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(Il Sole 24 Ore Radiocor) - Eutelsat falls on the Paris Stock Exchange (CAC 40), weighed down by its annual results and financial targets described as ‘disappointing’ by traders. In the 2025–2026 financial year ending in June, the telecoms company recorded a net loss attributable to shareholders of €457.3 million, compared with a loss of €1.08 billion in the previous year. Adjusted EBITDA fell by 6.5% to €632.4 million, and the corresponding margin fell by 3.2 percentage points to 51.2%.
Total revenue fell by 0.6 per cent on a reported basis to €1.24 billion, but rose by 3 per cent on a like-for-like basis. Leo (Low Earth Orbit) revenues rose by 69.5% on a like-for-like basis to €297 million, accounting for 25% of total revenues compared with 15% in the previous financial year. The group emphasises that this performance is in line with its targets. For the 2026–2027 financial year, Eutelsat forecasts, in particular, a ‘slight increase’ in operating revenue and an adjusted EBITDA margin ‘broadly in line’ with that of 2025–2026. The market had expected better.
