The logo of European satellite operator Eutelsat is displayed at the company’s headquarters in Issy-les-Moulineaux, near Paris, France, March 30, 2026. REUTERS
Aug 7 (Reuters) – Eutelsat (ETL.PA) said on Friday it expects revenue to increase slightly next year as the French satellite operator seeks to build momentum in its satellite internet business.
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 revenue is expected to rise more than 30% next year, offseting the decline in the legacy geostationary satellite business, mainly video, according to Eutelsat.
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.
Reporting by Gianluca Lo Nostro; Editing by Matt Scuffham
