Report
Stephane Beyazian

Eutelsat Group : Sharper-than-expected decline in revenues in Q1 2025

>Revenues 12% short of Q4 2024 - Eutelsat reported its revenues for Q1 2025. Revenues came in 5% higher over 12 months at € 300m, thanks to the acquisition of OneWeb. However, they fell short of expectations (ODDO BHF: € 324m) and marked a sharp fall on the previous quarter (-12%), due to the structural decline in the video segment (-5% vs Q4) and after very strong equipment sales in the previous quarter (fixed connectivity sales -30%, mobile connectivity at -14%) for...
Underlying
Eutelsat Communications SA

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.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Stephane Beyazian

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