SES slashes dividend

Karim Michel Sabbagh, President and CEO of satellite operator SES, has described 2017 as “an important year of transformation for SES,” as it reported revenue of €2.035 billion, down 1.6 per cent, declaring a dividend of €0.80 for 2017, a reduction of 40 per cent from 2016, which it says will allow a strengthening of the balance sheet whilst supporting growth opportunities and enabling a progressive dividend in the future.

Source: SES slashes dividend