Eutelsat Shares Drop 7% on 51.2% Margin as OneWeb Lifts Revenue 3%

3 articles · Updated · Global Banking And Finance Review · Aug 7

Eutelsat shares fell 7% after the satellite operator said 2026/27 operating revenue should grow only slightly while profit margins stay broadly flat from last year.
€1.24 billion in full-year revenue rose 3% on a like-for-like basis, helped by a 69.5% jump in low-Earth-orbit revenue from OneWeb, which now makes up a quarter of group sales.
Adjusted core earnings slipped to €632.4 million and the margin fell to 51.2%, missing the 52.4% analyst average as the fast-growing LEO business still earns less than Eutelsat's legacy geostationary operations.
Jean-Francois Fallacher said SpaceX's June listing underscored Eutelsat's undervaluation versus Starlink, even as Europe backs alternatives to U.S. satellite providers.

Sources

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5 Sources

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