Yesterday Eutelsat announced their long-awaited equity raise (€1.35bn, mainly from the French shareholders) and issued new guidance for FY26 (disappointing) and FY29 (dubious). In this Quick Take, we discuss the new shareholder structure, new guidance, and new LEO revenue disclosure.
COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: NATURGY, OHLA. EUROPA: UNICREDIT. Presión desde el frente geopolítico y comercial Los riesgos de que EE.UU. intervenga en la guerra entre Israel e Irán y que el acuerdo comercial con Europa sea menos favorable a lo inicialmente esperado volvieron a llevar a las pérdidas a las bolsas europeas. Así, en una jornada más, la mayoría de los sectores del STOXX 600 terminaron en rojo (sólo 3/20 se libraron del castigo) siendo Energía y Farma los mejores fre...
The French army yesterday announced a framework agreement with Eutelsat, including the procurement of OneWeb capacity. In this Quick Take we discuss how much revenue this contact could generate, and implications for the longer-term viability of Eutelsat’s LEO ambitions.
Our 14th edition of the ODDO BHF Nextcap Forum took place on 11 June in Paris, and on 12 June virtually. 96 companies and 170 investors were present for more than 700 meetings organized. Overall, we noted a still cautious tone from companies, with limited visibility on a solid rebound in a persistently uncertain market environment (geopolitical situation, US politics, etc.), even if there are some signs of recovery and certain sectors remain very well positioned (leisure, energy, defence). At th...
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