SES has said is anticipating “better than expected” revenues when its full-year 2024 results are published later this month.
The statement followed the decision by Moody’s Ratings to change its outlook on the satellite operator from “stable” to “negative”.
Moody’s said increased competition within the satellite sector was putting pressure on prices. Behind the move is a perceived risk in the oversupply of satellite connectivity in the Non-Geostationary Orbit (NGSO). SES does not operate in the broadband consumer market, but there are fears a surplus of capacity might find itself in areas where SES does work, such as maritime, aviation, and government.
SES said it anticipated its revenues to be at the top end of the financial outlook range (€1,940-2,000 million) and Adjusted EBITDA above the outlook range (€950-1,000 million).
The proposed acquisition of Intelsat is on track to close during H2 2025.
It said it looked forward to announcing its Full Year 2024 results on 26 February 2025 and discussing them with market participants.
