Eutelsat Communications

Eutelsat Communications is a private telecommunications satellite operator involved in the design, establishment, operation and maintenance of satellite telecommunications systems covering a large geographical area (extended Europe (including North Africa and the Middle East), sub-Saharan Africa, parts of America and Asia). Co. provides its customers broadcasting capacity and associated services to transmit TV programmes via satellite, cable or Internet Protocol (IP) networks. As of June 30, 2013, Co. owned and operated 31 satellites in geostationary orbit and 4 satellites in inclined orbit.
  • TickerETL
  • ISINFR0010221234
  • ExchangeEuronext Paris
  • SectorMedia
  • CountryFrance
Ahmed Ben Salem ...
  • Alain William
  • Charles Lepetitpas
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • Geoffroy Michalet
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Philippe Ourpatian
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 05/15/2020

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Ahmed Ben Salem ...
  • Alain William
  • Charles Lepetitpas
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • Geoffroy Michalet
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Philippe Ourpatian
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 15/05/2020 Date Performance depuis l’entrée Date Performance depuis l’entrée

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Charles Lepetitpas

Eutelsat Communications : Unhoped-for rebound of the broadcast segment, positive tone on the C-band and guidance reiterated

>Q3 2019-20 better than expected, with a sequential rebound of the broadcast business - Yesterday evening, Eutelsat reported better-than-expected Q3 (calendar Q1) sales at € 323m for the operating divisions (consensus € 314m), reflecting a y-o-y contraction of -1.6% l-f-l, compared with -3.7% in Q2. Among the segments we mainly note:1/ the sequential rebound at the broadcast division (c. +2% q-o-q), better than expected thanks to volume growth in emerging countries wh...

Valérie GASTALDY

Short term view - EUTELSAT : The trend is bearish.

The trend is bearish. The movement goes on. The next target is at €17.748, then €15.275. Passing €23.839 would question the continuation of the fall.

Valérie GASTALDY

Analyse court terme - EUTELSAT : La tendance est baissière.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 17,748 €, puis 15,275 €. Le franchissement de 23,839 € remettrait en cause la suite de la baisse.

Valérie GASTALDY

Short term view - EUTELSAT : The recent fall is getting more vigorous.

The trend is bullish. The recent fall is getting more vigorous. The next support is at €19.70. A break below €19.70 would challenge the trend.

Valérie GASTALDY

Analyse court terme - EUTELSAT : La baisse récente gagne en vigueur.

La tendance est haussière. La baisse récente gagne en vigueur. Le prochain support est à 19,70 €. La tendance serait remise en cause par la rupture de 19,70 €.

Valérie GASTALDY

Medium term view - EUTELSAT : Prices recovered.

The trend is uncertain. Prices have recovered and they are starting to display convincing strength. A new bullish trend is attempting to emerge.

Charles Lepetitpas

Eutelsat Communications : Unhoped-for rebound of the broadcast segment, positive tone on the C-band and guidance reiterated

>Q3 2019-20 better than expected, with a sequential rebound of the broadcast business - Yesterday evening, Eutelsat reported better-than-expected Q3 (calendar Q1) sales at € 323m for the operating divisions (consensus € 314m), reflecting a y-o-y contraction of -1.6% l-f-l, compared with -3.7% in Q2. Among the segments we mainly note:1/ the sequential rebound at the broadcast division (c. +2% q-o-q), better than expected thanks to volume growth in emerging countries wh...

Charles Lepetitpas

Eutelsat Communications : Rebond inespéré du broadcast, ton positif sur la bande C et guidance réitérée

>CA T3 meilleur qu’attendu, avec un rebond séquentiel du Broadcast - Eutelsat a publié hier soir un CA T3 (T1 calendaire) meilleur qu’attendu, à 323 M€ pour les divisions opérationnelles (Css. 314 M€) en décroissance de -1.6% y/y LfL, à comparer avec -3.7% au T2. Parmi les segments nous retenons : 1/ le rebond séquentiel du Broadcast (+2% q/q), meilleur qu’attendu grâce à une croissance de volumes dans les pays émergents tandis que les prix restent stables, 2/ un ryt...

Charles Lepetitpas

ODDO : A solid sector that can weather the crisis - debt is its only issue

>Operators relatively solid vis-à-vis the crisis - Following the warning flagged by Eutelsat on Thursday due to COVID-19, we have lowered our 2020-2021 revenue forecasts by an average of 3% and 4.5% for Eutelsat and SES and now expect respective declines of -5% and -6% in 2020. This is a sign of the sector’s relative resilience. In video; (60% of revenues at Eutelsat and SES), operators enjoy multi-year rental contracts for satellite capacity for TV channels. The tem...

Charles Lepetitpas

ODDO : Un secteur solide face à la crise, qui a pour seul défaut son endettement

>Les opérateurs sont relativement solides face à la crise actuelle - Suite à l’avertissement d’Eutelsat (ETL) jeudi dernier en raison du COVID-19, nous abaissons nos estimations de CA de respectivement 3% et 4.5% en moyenne sur 2020-21 pour ETL et SES, avec des décroissances attendues de respectivement -5% et -6% en 2020. Cela illustre le caractère relativement résilient de ce secteur. En effet, dans la Vidéo (60% du CA de ETL et SES), les opérateurs bénéficient de c...

Stephane Houri

Capgemini : Feedback from the fourth ODDO BHF TMT Forum

We held our fourth ODDO BHF TMT Forum in Paris. Clearly, much of the discussion, but not all of it, centred on the impact of COVID-19 for the companies represented and their sector. In an unprecedented context, we have decided to write factual feedback documents. All our scenarios will be reviewed sector by sector in separate notes in the coming days. - >IT services & software: companies are preparing for COVID-19 - In IT Services (Capgemini, Atos, Sopra Steria) optimi...

Eutelsat Communications SA - December 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Eutelsat Communications SA: Update to credit analysis following outlook change to negative

Our credit view of Eutelsat SA, the main operating subsidiary of Eutelsat Communications SA, reflecting the ongoing earnings pressure, partially offset by its positive free cash flow.

Eutelsat Communications SA - June 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Eutelsat Communications SA: Full year results in line but €100 million share buyback limits deleveraging prospects

Our credit view of Eutelsat's full year results and announcement of a €100 million share buyback

Eutelsat Communications SA: Update to credit analysis

Our credit view of Eutelsat SA, the main operating subsidiary of Eutelsat Communications SA, reflecting its operational and financial trends over 2019-20.

Ahmed Ben Salem ...
  • Alain William
  • Charles Lepetitpas
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • Geoffroy Michalet
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Philippe Ourpatian
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 05/15/2020

...

Ahmed Ben Salem ...
  • Alain William
  • Charles Lepetitpas
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • Geoffroy Michalet
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Philippe Ourpatian
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 15/05/2020 Date Performance depuis l’entrée Date Performance depuis l’entrée

...

Ahmed Ben Salem ...
  • Charles Lepetitpas
  • Jeremy Garnier
  • Martial Descoutures
  • Nicolas David
  • Nicolas Thorez
  • Oussema Denguir

ODDO BHF Small & MIDCAP MORNING NEWS - 04/14/2020

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Ahmed Ben Salem ...
  • Charles Lepetitpas
  • Jeremy Garnier
  • Martial Descoutures
  • Nicolas David
  • Nicolas Thorez
  • Oussema Denguir

ODDO BHF Small & MIDCAP MORNING NEWS - 14/04/2020

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Alain William ...
  • Aurelien Sivignon
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Fehmi Ben Naamane
  • Jeremy Garnier
  • Jerôme Bodin
  • Olfa Taamallah
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 02/21/2020

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EUTELSAT COMMUNICATIONS reduced its risk exposure resulting in an upgrade to Slightly Positive

EUTELSAT COMMUNICATIONS (FR), a company active in the Mobile Telecommunications industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 2 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date May 1, 2020, the closing price was EUR 10.24 and its potential was estimated at EUR 12.06.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Eutelsat Communications - AGM 7 November 2019

The mandates of John Birt and Jean d’Arthuys will expire at the end of this Annual General Meeting, and Carole Piwnica resigned. Hence, the board of Directors will comprise 10 members (previously 12) with a majority of independent members (independence rate: 60%). The board of Directors seeks shareholder approval of the election of Cynthia Gordon (ITEM 5) and the re-election of Ana Garcia Fau (ITEM 6). Given the independence rate and the fact that the two Directors do not hold an excessive number of mandates, ECGS recommends to APPROVE.Under ITEMS 8, 9, 10, 12 and 13 : the Board of Directors s...

Pauline Delecourt

Eutelsat Communications - AG du 7 Novembre 2019

GOUVERNANCE Compte tenu de l'expiration à l'issue de la présente Assemblée, des mandats d'administrateur de John Birt et de Jean d'Arthuys ainsi que de la démission de Carole Piwnica avec date d'effet au 7 novembre 2019, le conseil passera de 12 membres à 10 membres et sera majoritairement composé de membres libres de conflits d'intérêts potentiels. En effet, il est proposé d'approuver la nomination de Cynthia Gordon (résolution 5) et le renouvellement d'Ana Garcia Fau (résolution 6), propositions qui seront soutenues. REMUNERATION La politique de rémunération des dirigeants se caractéri...

Eutelsat Communications – Proxinvest Corporate Governance Rating ® : A

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Eutelsat Communications - 2018, november 8th

Items 5 and 6: The board doesn’t comprise a majority of independent directors, however Proxinvest will support the re-election of BpiFrance Participation as it is the main shareholder of the company. However the re-election of Ross McInnes will not be supported even if he is considered as independent considering that he has too many directorships in listed companies. Item 7 to 13: The compensation report has a high level of disclosure and the quantum respects mainly our guidelines. Moreover the company decided to change some of the performance conditions to avoid repetition between the STI co...

Charles Pinel

Eutelsat - 8 novembre 2018

Deux renouvellements d'administrateurs sont proposés aux actionnaires. Bien que le conseil ne soit pas composé d'une majorité de membres libres de conflits d'intérêts potentiels, Bpifrance Participations - premier actionnaire et donc non indépendant - sera soutenu car la politique de vote de Proxinvest est de soutenir un représentant de chacun des trois premiers actionnaires quelque soit l’indépendance du conseil. En revanche, une recommandation négative portera sur le renouvellement du mandat de Ross McInnes qui est indépendant mais dont le nombre de mandats détenus est jugé excessif puisqu'i...

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