Eutelsat Communications Stock Rebounds 3% After a 40% Drop Over a Month
The satellite operator regains some ground at midday in the slightly bullish Paris market, as the stock attempts to recover after a sharp downward trend that slashed nearly half of its value in one month. Technical indicators, however, remain significantly impaired.
A 3.2% Rebound Only Partially Mitigates the Monthly Plunge
Eutelsat Communications stock is up 3.2% to €2.323 at mid-session, after closing at €2.251 the previous day. The stock is among the top gainers in the SBF 120, while the broader index is up by 0.40%. However, this rebound only marginally offsets the recent weeks' rout: the stock is still down 41.56% over the month and has decreased by 16.01% over the year. The rebound follows an attempt at stabilization that began the previous day, in the wake of a series of technical breakdowns that marked the month of June.
The chart configuration remains heavy. The price is significantly below all its moving averages, with a gap of nearly 14% below the MM20 (€2.70) and 22% below the MM50 (€2.98). The RSI at 33 indicates a configuration close to the oversold zone, consistent with the severity of the correction. The support at €2.16, now close, remains the short-term reference level.
Sustained Commercial Momentum in Low Earth Orbit Connectivity
Free · Every morning
Technical market signals, before the opening bell.
Bullish and bearish momentum, analyst changes, stocks to watch — automatically computed from Euronext data.
✓ Before 9 AM every morning✓ Euronext data✓ AI-powered analysis
You're in — subscription confirmed!
Your first edition is on its way. Check your spam folder and add us to your contacts.
An error occurred.
Indicative data. No investment advice. Unsubscribe at any time.
Gratuit · chaque matin
Ne ratez plus rien sur vos actions
La tendance derrière les cours. L'essentiel des valeurs Euronext en quelques minutes.
📈les valeurs en mouvement, sur la durée
🎯les objectifs d'analystes qui évoluent
📰les actualités qui font bouger les cours
tendance · 6 séances
✓ C'est fait, vous êtes inscrit !
Votre première édition arrive bientôt. Pensez à vérifier vos spams.
Une erreur est survenue.
CAC 40 · SBF 120 · données indicatives · aucun conseil en investissement · désinscription à tout moment.
The file continues to be fueled by a steady stream of announcements around the OneWeb constellation. On June 23, the group announced the expansion of its maritime partnership with AST Networks, involving several million dollars. Earlier in June, the operator also secured the CENTAURE contract with the French Ministry of Armed Forces, worth up to €350 million over eight years, with a firm commitment of €138 million over four years.
This commercial momentum has not yet been sufficient to halt the correction of the stock. During the nine-month financial results announcement for the fiscal year 2025/2026 (May 12, 2026), the group highlighted a 50% increase in revenue from its LEO activities year-over-year, while noting an unfavorable currency impact of €42 million over the period and nearly stable operational activity revenue. The stock's ability to stabilize sustainably will depend on defending the support at €2.16, after successive breaches of several technical thresholds over the month.
SectorDéfense · Télécommunications›Équipements de Télécommunications
Free · every morning · before 9am
Never miss a move on your stocks
The trend behind the prices · Euronext
✓ You're in! Check your spam folder.
An error occurred.
Context
Period
Period: 2025/2026
Key reported figures
Revenue: 1235.9M€
EBITDA: 632.4M€
EBITDA margin: 51,2%
Net income: -457,3M€
1464.6M€
Guidance from the release
Cette année a marqué un tournant pour Eutelsat. Nous avons atteint nos objectifs financiers tout en franchissant des étapes stratégiques majeures qui renforcent notre trajectoire de croissance à long terme.
L'exercice 2025-26 est marqué par une forte croissance de l'activité LEO (+69,5 %) compensant le déclin structurel du GEO, notamment la Vidéo affectée par des sanctions et résiliations de contrats. La rentabilité recule légèrement sous l'effet du mix produit LEO en phase de montée en puissance. Le bilan a été fortement renforcé grâce à un refinancement de 5 milliards d'euros et une augmentation de capital, réduisant significativement l'endettement net.
Risks mentioned
Baisse du chiffre d'affaires Vidéo (-13,1 %) sous l'effet des sanctions contre les chaînes russes
Résiliation des accords de capacité sur les satellites Express AT1 et AT2
Recul structurel du segment GEO devant se poursuivre en 2026-27
Effet mix-produit défavorable lié à la montée en puissance des revenus LEO sur la marge
Opportunities identified
Croissance de l'activité LEO de 69,5 % à 297 M€, représentant 25 % du chiffre d'affaires total
Compensation possible de 504 millions de dollars US liée à la libération de la bande C aux États-Unis
Contrat subséquent CENTAURE de 350 M€ au titre de l'accord-cadre NEXUS avec les Forces armées françaises
Réussite du refinancement global de 5 milliards d'euros renforçant la structure financière
Nouveaux partenariats LEO signés avec Voimatel, AST Networks, Tototheo et Anuvu
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
