Eutelsat Communications (DE:E3B)
OTHER OTC:E3B
Earnings Data
Report Date
Jul 24, 2026Before Open (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-0.44Same Quarter Last Year
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive operational and financial turning point: significant financing achievements (EUR 1.5bn capital raise, ~EUR 1bn ECA financing), credit-rating upgrades, improved liquidity and lower net debt, strong LEO-driven connectivity growth and tangible commercial traction (aviation, maritime, government). Key risks remain—notably a notable decline in video revenues (sanctions and market maturity), margin compression from the LEO ramp mix, the halted ground-asset sale impacting year-end leverage, and the need to complete bond refinancing and IRIS2 financing clarity. On balance, the strategic milestones (financing, OneWeb operational continuity, commercial wins) substantially outweigh the current headwinds.Company Guidance
Strong LEO revenue growth
LEO revenues grew nearly 60% year-on-year to ~EUR 111m in H1, driving connectivity momentum and contributing to overall connectivity growth across fixed, government and mobility verticals.
Connectivity expansion
Total connectivity revenues rose 11.8% to EUR 307m; fixed connectivity up 17.2% (EUR 132m), government services up 7.7% (EUR 99m), and mobility up 8.5% (EUR 77m). Q2 mobility showed 34% YoY growth and 21% QoQ, reflecting strong commercial traction.
Procurement securing OneWeb operational continuity
Order for a total of 440 new LEO satellites (additional 340/341 on top of prior orders) to ensure operational continuity and allow hosted-payload opportunities on the OneWeb constellation.
Successful refinancing and improved credit profile
Completed EUR 1.5bn capital raise (Dec), secured nearly EUR 1bn Export Credit Agency financing, leading to rating upgrades (Moody's to Ba3 up two notches; Fitch to BB up three notches).
Improved balance sheet and liquidity
Net debt reduced to EUR 1.3bn at 31-Dec (down ~EUR 1.3bn vs June); net debt / adjusted EBITDA ~2.0x at period end. Liquidity (cash + undrawn lines) ~EUR 2.1bn; average cost of debt after hedging 4.2%.
Solid adjusted EBITDA and ability to confirm guidance
Adjusted EBITDA of EUR 308m for H1 with an adjusted EBITDA margin of ~52.1% (like-for-like). Company confirmed full-year objectives and reiterated plan to complete bond refinancing as next step.
CapEx phasing and lower full-year CapEx guidance
H1 gross CapEx EUR 292m (timing of LEO milestones); FY gross CapEx guidance reduced to ~EUR 900m (previously EUR 1.0-1.1bn) due to phasing and GEO spend discipline.
Commercial wins and product milestones
Key contract renewals (beIN, Polsat); new commercial agreements in Africa (MSTelcom, Paratus), maritime (CMA CGM via Marlink), rail (Transgabon), and government/defense terminal approval (military-grade manpack terminal with Intellian).
Backlog and shift to connectivity
Backlog of EUR 3.4bn (vs EUR 3.7bn prior), equivalent to 2.7x 2024-25 revenues; connectivity now 59% of backlog (was 56%), reflecting rapid increase of LEO-related contracts.
DE:E3B Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:E3B Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 13, 2026 | €2.15 | €2.22 | +3.50% |
Aug 05, 2025 | €2.33 | €2.56 | +9.70% |
Feb 14, 2025 | €1.34 | €1.05 | -21.26% |
Aug 09, 2024 | €3.22 | €3.21 | -0.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Eutelsat Communications (DE:E3B) report earnings?
Eutelsat Communications (DE:E3B) is schdueled to report earning on Jul 24, 2026, Before Open (Confirmed).
What is Eutelsat Communications (DE:E3B) earnings time?
Eutelsat Communications (DE:E3B) earnings time is at Jul 24, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What is the P/E ratio of Eutelsat Communications stock?
The P/E ratio of Eutelsat Communications is N/A.
What is DE:E3B EPS forecast?
Currently, no data Available