SES Market Update in Context of Moody's Ratings Press Release
Luxembourg, Feb. 18 -- SES S.A. has taken note of Moody's Ratings Press Release today with regards to SES and is providing a market update ahead of its Full Year 2024 financial results announcement on 26 February 2025. SES expects Full Year 2024 Results to be better-than-expected with Revenue 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. SES expects to reconfirm all financial targets for the combined company (pre-IRIS2) published in the transaction announcement in April 2024, including low- to mid-single digit average annual growth in Revenue for 2024-2028E, mid-single...
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