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SES: An “Ultra good story”

Analysts at investment bank Berenberg say they expect satellite operator SES to announce positive full-year results on February 21st (to December 31st) but perhaps more importantly to announce an improved guidance for 2014’s numbers and beyond. Senior analyst Sarah Simon states that SES is a “top pick” for 2014, and headlines her note to clients as “An Ultra good story”.

Moreover, she says that “SES will be one of the fastest-growing media companies in Europe” helped by growing satellite revenues, new satellites and revenues from the SES-backed O3b project which delivers broadband and data services to “the other 3 billion” of underserved countries.

Berenberg suggests that 2014 revenues could top €1.994 billion (2013 is likely to €1,859bn) and helped by a slew of new contracts. For 2015 the bank forecasts revenues of €2.099 billion.

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