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Ben Rickett
  • Ben Rickett

Eutelsat (Sell, €1.4, -40%) 2Q26: Nothing to justify the rally

Eutelsat has reported decent Q2 results, beating expectations due to a small one-off and confirming full year guidance. The fundamental outlook for the business remains unchanged, with deteriorating GEO economics (Flexsat Americas satellite cancelled) and an uncertain LEO outlook in an increasingly fragmented market. Nothing to justify the recent rally in the shares.

Carole Braudeau
  • Carole Braudeau

Credit Morning 02/13/2026

Ubisoft: Q3 net bookings slightly above target, FY25-26 guidance is confirmed|Sales stabilizing but margin still under pressure|

Carole Braudeau
  • Carole Braudeau

Morning Crédit 13/02/2026

Ubisoft : net bookings au T3 légèrement supérieurs à l’objectif, guidance FY25-26 confirmée|Sales stabilizing but margin still under pressure|

Carole Braudeau
  • Carole Braudeau

Credit Morning 02/12/2026

URW continues its strong momentum at the end of the year|Verisure ends fiscal year 2025 on a high note|Greek banks – A Supreme Court ruling could impact banks and NPL management|

Carole Braudeau
  • Carole Braudeau

Morning Crédit 12/02/2026

URW poursuit sa belle dynamique sur la fin d’année|Verisure termine très bien l’exercice 2025|Banques grecques – Un arrêt de la cour suprême pourrait impacter les banques et la gestion des NPL|

Jan Frederik Slijkerman ... (+5)
  • Jan Frederik Slijkerman
  • Jeroen van den Broek
  • Jesse Norcross
  • Nadège Tillier
  • Timothy Rahill

Coffee, Croissants & Credit/RELX, Swisscom, Unibail

RELX reports strong FY25 results / Swisscom FY25 results look soft ahead of Vodafone Italia acquisition / Unibail FY25: further deleveraging, solid shopping centre performance

Klaus Ringel ... (+2)
  • Klaus Ringel
  • Yan Derocles
 PRESS RELEASE

Publication of the 2025 annual financial results on Thursday, Februar...

Publication of the 2025 annual financial results on Thursday, February 26, after market close Paris, France – February 12, 2026 Full year 2025 financial results and conference call Viridien will publish its full year 2025 results on Thursday, February 26, after market close. The press release and presentation will be made available on at 5.45 pm (CET)An English-language conference call is scheduled at 6.00 pm (CET) on the same day Participants must register for the conference call by clicking to receive a dial-in number and PIN code. Participants may also join the live webcast by cli...

 PRESS RELEASE

UNIBAIL-RODAMCO-WESTFIELD REPORTS FY-2025 EARNINGS

UNIBAIL-RODAMCO-WESTFIELD REPORTS FY-2025 EARNINGS UNIBAIL-RODAMCO-WESTFIELD REPORTS FY-2025 EARNINGS Strong retail performance supported by increased footfall and tenant sales, dynamic leasing activity and record low vacancy c. -355 bps LTV improvement1 thanks to €2.2 Bn of completed or secured disposals and a +1.7% portfolio revaluation2 Successful deliveries including retail opening of Westfield Hamburg-Überseequartier and extension and rebranding of Westfield Černý Most Launch of capital-light growth initiatives through first franchising contract in KSA and acquisition of a 25% stak...

 PRESS RELEASE

Publication des résultats financiers de l’année 2025, le jeudi 26 févr...

Publication des résultats financiers de l’année 2025, le jeudi 26 février 2026 après bourse Paris, France – 12 février 2026 Résultats de l’année 2025 et conférence téléphonique Viridien annoncera ses résultats de l’année 2025, le jeudi 26 février 2026 après bourse. Le communiqué de presse et la présentation seront disponibles sur le site à 17h45 (heure française)Une conférence téléphonique en langue anglaise est programmée à 18h00 (heure française) le même jour Les participants doivent s’inscrire à la conférence téléphonique en cliquant sur le lien afin de recevoir un numéro d’appel e...

Ben Rickett
  • Ben Rickett

Eutelsat ECA financing marks end of the saga

Eutelsat has raised €1bn of ECA financing; more then we expected and sufficient to cover their mid-term LEO capex requirements. The financing provides further support to the bonds and brings to a close their funding saga over the last year or so.

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