SES : Résultats et guidance décevantes mais déjà pricées tandis que le momentum devrait s’améliorer en 2021
>Résultats T4 inférieurs aux attentes, nouvel impairment de 277 M€… - Pour rappel, SES a publié des résultats T4 2020 inférieurs aux attentes. Le CA T4 affiche un recul de 7.5% à tcc, et ressort 3% en dessous du consensus. L’écart provient de la partie Networks (Mobilité en particulier avec une renégociation temporaire de contrat), tandis que la Vidéo ressort légèrement au-dessus des attentes. La marge d'EBITDA ajustée atteint 57.7% (+80 pb au-dessus du Css.), si bien...SES is engaged as a provider of satellite-delivered services. As a strategic management company, Co. operates through a unique network of leading satellite operators around the world. This network comprises the fully-owned SES ASTRA in Europe and SES AMERICOM in the U.S., as well as participations in regional satellite operators. SES ASTRA is European direct-to-home satellite operator. SES AMERICOM operates a fleet of 17 satellites serving the Americas, Europe and the Asia-Pacific region. AsiaSat provides transponder capacity for broadcast, broadband and telecommunications services in the Asia-Pacific region.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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