SES Cuts 2026 Non-C-Band Capex Forecast to About EUR 600 Million From EUR 700 Million
Bitget2026/11/05 06:39- SES reiterated its 2026 outlook for stable revenue and adjusted EBITDA on a like-for-like, constant-currency basis.
- Non-C-band capital expenditure guidance fell to about €600 million from about €700 million.
- C-band expenditure expectations remained unchanged at €100 million to €150 million, to be reimbursed over time.
- Third-quarter revenue rose 4.2% year over year on a like-for-like basis; adjusted EBITDA increased 18.6%.
- A €10 billion backlog supported visibility into the fourth quarter.
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