Aug 7 (Reuters) – Eutelsat said on Friday it expects revenue to increase slightly next year as growth of more than 30% in its low-Earth orbit satellite business offsets declines in its legacy video operations.
The company said in a trading update it expected to deliver slight revenue growth in 2027, compared with stable revenue in the previous year. The core profit margin is estimated at broadly the same level as 2025/26.
Eutelsat’s OneWeb constellation is the only operational global low-Earth orbit (LEO) connectivity network outside Elon Musk’s Starlink, positioning the French group as a potential beneficiary of European efforts to develop alternatives to U.S. satellite providers.
LEO services accounted for about a quarter of group revenue in 2025/26, while the company’s legacy geostationary business continued to be weighed down by declining video revenue.
The company reported a 3% increase in like-for-like full-year revenue, reaching €1.24 billion ($1.43 billion) in the year ended in June. Analysts polled by the company had expected revenue of €1.20 billion on average.
Adjusted core earnings fell 3.1% to €632.4 million on higher operating expenses. Net loss more than halved as Eutelsat recorded significantly lower impairments than a year earlier, when it took write-downs of about €720 million.
($1 = 0.8678 euros)
(Reporting by Gianluca Lo Nostro; Editing by Matt Scuffham)
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