(Boursier.com) — Eutelsat Group camped on 3.67 euros this Friday, while the file is still struggling to recover from its warning on results at the end of January… The satellite operator had revised downwards its annual guidance due to the delay taken by the LEO activities of OneWeb, with which the company finalized its merger in September… The financial objectives for the 2024-25 financial year have also been ‘suspended’. The delay casts doubt on the company’s competitiveness in the global race to build low-Earth orbit systems, while raising questions about whether it needs additional funding, analysts say.
Eutelsat Group is now targeting adjusted EBITDA between 650 and 680 million euros (compared to 725 to 825 million euros previously) for revenues ranging from 1.25 to 1.3 billion euros (compared to 1.32 billion euros). euros to 1.42 billion euros previously).
After taking into account synergies, investment expenditure should remain within an average annual range of between 725 and 875 ME for the financial years 2025 to 2030 while investment expenditure for the 2024 financial year should be between 600 and 650 ME… Among the latest broker opinions, Société Générale retains Eutelsat with a price target of 4 euros. Deutsche Bank, for its part, went from ‘hold’ to ‘sell’ on Eutelsat with a target reduced from 4 to 3 euros… The stock has lost 13% since the start of the year.
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