Satellite firm SES lifts full-year outlook after first-half beat

Satellite company SES nudged upwards on Wednesday the lower end of its core profit guidance for 2021, as a slowing decline in its video broadcasting business helped beat analysts’ expectations for the first half.

The group, one of the world’s biggest commercial satellite operators, now expects adjusted earnings before interest, taxes, depreciation and amortization of between 1.08 billion-1.10 billion euros ($1.28 billion-$1.31 billion) this year, excluding expenses linked to restructuring and its clearing of U.S. C-Band spectrum.