SES drops on disappointing guidance as Intelsat integration costs weigh

SES SA

06/11/2025 09:10

** Shares in SES SESFd.PA fall close to 13% as its FY guidance misses expectations, while the costs from the integration of Intelsat weigh

** The European satellite company's Q3 EBITDA at 328 million euros ($383 million), also misses the company-compiled consensus of 348 million euros

** SES's FY revenue guidance misses consensus by 3% at midpoint, and that of EBITDA margin by 240 basis points, Bernstein says

** The stock is on track for its worst day since mid-June 2023, if losses hold

** It sits at the bottom of France's wider SBF 120 index .SBF120

 (Reporting by Alban Kacher)

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