Satellite firm SES's earnings miss expectations as Intelsat integration weighs

SES SA

06/11/2025 06:31

Nov 6 (Reuters) - European satellite company SES SESg.LU reported a lower than expected core profit for the third quarter on Thursday, weighed down by integration costs of its recent acquisition of Intelsat.

Adjusted earnings before interest, taxes, depreciation and amortization came in at 328 million euros ($383 million), while analysts polled by the company were expecting 348 million euros on average.

SES completed the $3.1 billion acquisition of rival Intelsat in July, as it seeks to position itself as a key European competitor to Elon Musk's Starlink and Amazon's AMZN.O Project Kuiper alongside French peer Eutelsat ETL.PA.

($1 = 0.8575 euros)

(Reporting by Alban Kacher in Gdansk, editing by Milla Nissi-Prussak)

((alban.kacher@thomsonreuters.com; +48 58 769 65 87))