Report
Stephane Beyazian

Eutelsat Group : Un recul du CA au T1 2025 plus fort qu’attendu

>CA 12% en-dessous du T4 2024 - Eutelsat a publié son CA pour le T1 2025. Le CA est en hausse de 5% sur 12 mois, grâce à l’acquisition de OneWeb, et ressort à 300 M€. Il est toutefois en dessous des attentes (ODDO BHF : 324 M€) et en forte baisse par rapport au trimestre précédent (-12%), en raison du recul structurel sur la vidéo (-5% par rapport au T4) et de ventes d’équipements très élevées au trimestre précédent (CA connectivité fixe -30%, connectivité mobile -14%...
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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