Although the publication was in line for 2019, SES trimmed the 2020 outlook on the back of lower growth in Networks, while Video remains challenging. SES also cut its dividend payment by c. 50% to cope with the increased capex in 2021, which is required to stabilise Video and accelerate in Networks.
02 Mar 2020
FY19: waterfall of bad news
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FY19: waterfall of bad news
SES SA FDR (Class A) (SESG:PAR) | 0 0 4.1% | Mkt Cap: 5,372m
- Published:
02 Mar 2020 -
Author:
Hugo Paternoster -
Pages:
3
Although the publication was in line for 2019, SES trimmed the 2020 outlook on the back of lower growth in Networks, while Video remains challenging. SES also cut its dividend payment by c. 50% to cope with the increased capex in 2021, which is required to stabilise Video and accelerate in Networks.