SESGL SES SA FDR (Class A)

SES publishes 2024 Annual Report

SES S.A. has today published its following the announcement of the company’s full year financial results for the 12 months ended 31 December 2024.

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About SES

SES has a bold vision to deliver amazing experiences everywhere on Earth by distributing the highest quality video content and providing seamless data connectivity services around the world. As a provider of global content and connectivity solutions, SES owns and operates a geosynchronous earth orbit (GEO) fleet and medium earth orbit (MEO) constellation of satellites, offering a combination of global coverage and high-performance services. By using its intelligent, cloud-enabled network, SES delivers high-quality connectivity solutions anywhere on land, at sea or in the air, and is a trusted partner to telecommunications companies, mobile network operators, governments, connectivity and cloud service providers, broadcasters, video platform operators and content owners around the world. The company is headquartered in Luxembourg and listed on Paris and Luxembourg stock exchanges (Ticker: SESG). Further information is available at:

EN
04/03/2025

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Reports on SES SA FDR (Class A)

Ben Rickett ... (+2)
  • Ben Rickett
  • James Ratzer

SES (Neutral, €5.5, -5%) 2Q25: Results ahead, but FY25 guidance pendi...

SES has reported Q2 results ahead of lowered expectations, with revenue supported by accelerating government services. However the company is yet to provide FY25 guidance for the combined business, following the Intelsat merger close on 17 July. This is expected with the Q3 results, leaving a degree of uncertainty until then. In this Quick Take, we review the Q2 numbers and estimate the FY25 guidance as implied by the (reiterated) standalone guidance.

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