Bryan Garnier - EUTELSAT (ETL) Eutelsat: model update pre-Q4 2024

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Bryan Garnier

Antoine Lebourgeois

Eutelsat: model update pre-Q4 2024

We have revised our estimates ahead of Q4 2024 results. Our updated estimates are detailed in the table below. Our Sell recommendation and PT remain unchanged. Eutelsat will report FY24 results on 9th August.

19/07/2024 1 EN

Underlying

EUTELSAT

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Provider

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.

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Analysts

Antoine Lebourgeois

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Eutelsat: model update pre-Q4 2024

Eutelsat: Q3 in line but under pressure as Russia hit and qoq weakness weigh on momentum

Satcom update: Competitive pressure shows no sign of easing

Eutelsat: finally, something to hold on to?

Eutelsat: Q3 in line but under pressure as Russia hit and qoq weakness weigh on momentum

Maisons du Monde: no sign of commercial sequential improvement

Ceconomy: "growth businesses" continue to overshadow softening German backdrop

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