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.

Credit Morning 02/13/2026

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

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|

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 02/13/2026

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 13/02/2026

Eutelsat : Q2 2026: revenue stabilisation but margin still under press...

Eutelsat : Q2 2026: revenue stabilisation but margin still under press...

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|

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|

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.

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 02/11/2026

Credit Morning 02/11/2026

Imerys: French State is investing in the Emili Lithium Project|Downgrade from BB-/negative CW to B/negative outlook by Fitch|

Morning Crédit 11/02/2026

Imerys : l’Etat entre au capital du projet EMILI (lithium)|Downgrade de la note de 'BB-' CW négatif à B/outlook négatif par Fitch|

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 11/02/2026

BAYER: NUEVA OPORTUNIDAD… ¿SERÁ LA ÚLTIMA? (ANÁLISIS BANCO SABADELL)

Nueva oportunidad… ¿será la última? SOBREPONDERAR En enero, el Tribunal Supremo de EE. UU. aceptó revisar el caso Durnell, abriendo una ventana de esperanza para reducir el riesgo legal en el caso Glifosato.

INFORME DIARIO 11 FEBRERO + RDOS. ESPAÑA Y EUROPA 4T’25. IDEAS DESTACA...

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: ENDESA, INDRA, SANTANDER, SECTOR SEGUROS, TELEFÓNICA. EUROPA: AHOLD DELHAIZE, BAYER. Incluido en el informe diario de hoy, y durante toda la campaña de resultados, incorporamos al final una presentación con los resultados destacados en positivo y negativo y previews de Rdos. 4T’25 que se publicarán en España y Europa en los próximos días. El Ibex mantiene los 18.100 puntos Ligeras caídas en los mercados en una jornada de transición a la espera de l...

Ceconomy : Good Q1 results, but focus remains on takeover

Credit Morning 02/10/2026

NIH: SNCF ordered to pay € 270m in compensation in the Gare du Nord case|Clarifications from Eramet on the temporary exemption of duty of its CFO|

Morning Crédit 10/02/2026

NIH : la SNCF condamnée à verser une indemnité de 270 m EUR dans le dossier de la Gare du Nord|Clarifications d’Eramet sur la dispense d’activité temporaire de son CFO|

Coffee, Croissants & Credit/Wolters Kluwer, Relx, Aroundtown

Equity prices Relx and Wolters Kluwer lower on new AI product Antropic / Aroundtown accepts €428m in hybrid bonds tender