SES expectations “too optimistic”

SES is due to report its H1 results on July 26th for the 6 months to June 30th, but investment bank Berenberg is reducing its expectations and share price target, stating bluntly: “We think SES’s full-year guidance is too optimistic. We cut our numbers for both the video services and networks divisions. The net result is a 3 per cent cut to our revenue estimates this year.”

Source: SES expectations “too optimistic”