SES cuts dividend, says no video growth until 2020, outlines unusual Boeing satellite deal

by Peter B. de Selding

Takeaways from SES’s 2017 financial results:

— 2017 was worse than expected, 2018 will be no better, but video should return to modest growth in 2020. It’s these figures Chief Executive Karim Michel Sabbagh was looking at when he decided to resign, effective in April.

—The company is cutting its dividend by 40% to fund operations and keep its leverage to within its self-imposed limits as it plots a return to growth.

— New satellites and especially the contribution of the O3b medium Earth . . .

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