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:
- Amazon’s Kuiper-1 launch brought forward
- SES and Eutelsat possibly in line for C-band $bn bonus
- Consultant: “European satellite mergers are failing”
- Ligado attempts to unravel Inmarsat L-band agreement
- SpaceX complains over South Africa investment rules
- Vodafone, AST test video call game changer
- Eutelsat shares hit all time low
- SpaceX valued at $350bn
- Sky New Zealand suffering satellite problems