SES: An “Ultra good story”
February 17, 2014
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.
Other posts by Chris Forrester:
- Naspers decision: Tencent down, Prosus up
- Bank: SES/Intelsat merger worthwhile?
- Bank: LBG Media rated Buy
- Kuiper, OneWeb agree on orbital debris
- SpaceX claims 5G interference from Dish Network
- Musk shows no mercy
- Intelsat looks to wrap bankruptcy claims
- Bank: Video games weathering recession
- Bank: “Difficult to make Starlink work financially”