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Eutelsat Communications ( (FR:ETL) ) has provided an announcement.
Eutelsat Communications reported first-half 2025-26 revenues of €592 million, broadly stable on a like-for-like basis, with operating verticals at €574 million and LEO revenues surging nearly 60% to about 20% of group sales. Profitability softened, as the adjusted EBITDA margin slipped to 52.1% amid sanctions-related video revenue losses and the product mix of its ramping LEO business.
The company sharply strengthened its balance sheet via a €1.5 billion capital increase, around €1 billion in export credit agency financing and a halving of net debt, prompting credit rating upgrades. It also ordered 440 new LEO satellites to secure and enhance the OneWeb constellation, confirming full-year financial targets and underlining its strategic pivot toward connectivity and long-term LEO growth despite pressure on legacy video services.
More about Eutelsat Communications
Eutelsat Communications is a European satellite operator listed in Paris and London, providing geostationary (GEO) and low Earth orbit (LEO) capacity for video broadcasting, government services and broadband connectivity. The group is increasingly focused on LEO-based connectivity through its OneWeb constellation, targeting growth markets in fixed, mobile and government communications worldwide.
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