Report
Antoine Lebourgeois ...
  • Thomas Coudry

Eutelsat estimates update post Q2 2022-23 results

PT downgraded to EUR6.0 from EUR6.9 following our estimates update, which notably takes into account a deteriorating adj. EBITDA margin as we now expect a negativemix effect from higher broadband revenues. We stick to our Sell recommendation given the lack of positive catalysts.
Underlying
Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Antoine Lebourgeois

Thomas Coudry

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