Quieter launch schedule marks slow growth for SES in 2015

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Satellite service provider SES reported on Friday that its core profit and revenues would grow more slowly as only one new satellite is planned.

The organisation reported that its EBITDA (core profit and revenues) in 2015 would increase by 1%, after 4% and 5% respective increases in 2014. The organisation further reported that core profit and revenues were predicted to experience an average growth between 3.5% and 4% during 2014 – 2016. The group had stated in October that growth during this period was expected to be at approximately 4%. SES shares were trading at 2% early on Friday.

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