The results were marginally above estimates, with contrasting trends across divisions. We anticipate further pressure on the rest of the year, which has led management to reduce its guidance, but this was already factored in our expectations. Finally, the C-Band monetisation seems to be following its path, according to expectations, a positive for SES.
07 Aug 2020
H1 20: results in line, gradually improving visibility on C-Band
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H1 20: results in line, gradually improving visibility on C-Band
SES SA FDR (Class A) (SESG:PAR) | 0 0 4.1% | Mkt Cap: 5,372m
- Published:
07 Aug 2020 -
Author:
Hugo Paternoster -
Pages:
3
The results were marginally above estimates, with contrasting trends across divisions. We anticipate further pressure on the rest of the year, which has led management to reduce its guidance, but this was already factored in our expectations. Finally, the C-Band monetisation seems to be following its path, according to expectations, a positive for SES.