Eutelsat Q3 expectations
May 14, 2018
Hopes are high that Paris-based Eutelsat will today (May 14th) unveil its Q3 results and perhaps, just perhaps, there will be a little top-line growth.
That’s the view from equity analysts at investment bank Exane/BNPP, who suggest that after seven consecutive quarter-year statements which reported declines, they expect today’s numbers to show a modest 0.3 per cent (y-o-y) organic revenue helped by an uplift of €19 million from Eutelsat’s ‘Mobility’ division and “stabilisation” in its important ‘Video’ segment (revenues of €228 million).
The bank’s number-crunchers expect overall revenues for the quarter-year to be €353 million, which is towards the higher-end of market expectations.
Investors are hoping that positive numbers (and a confirmed guidance for the calendar year) will lead to a marked uplift in Eutelsat’s share price. The bank points out that similar positive news helped SES (up 9 per cent on its results day), Intelsat (up 38 per cent, on its day and another 9 per cent on May 11th), Inmarsat (up 9 per cent) and Telesat (up 2 per cent). “We expect a similar reaction on Eutelsat,” said the bank’s note.
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