Karim Michel Sabbagh

SES sees revenue drop

Satellite operator SES saw its revenues drop by 5.2% on a like-for-like basis last year, posting revenue of €2.035 billion for the full year. The company reported EBITDA of €1.324 billion, down 7.6% on a like-for-like basis. SES is suffering from many of the problems that have affected the satellite business as a whole. Video […]

HD and Europe boost SES’s year

SES saw a 5.1% increase in HD channels broadcast over its satellites in 2014 as it posted solid full-year results, with revenue up 4% to €1.919 billion and EBITDA up 5% to €1.428 billion. Infrastructure revenue grew by 3.8%. European revenues were boosted by the sale of eight transponders to Eutelsat, as part of the […]

European growth boosts SES first half

Satellite operator SES has posted solid first half results on the back of strong growth in capacity sales in Europe and other territories outside the US, where its top line took a hit from the loss of government contracts. SES posted revenues of €938.9 million for the six months to June, up 6.3% at contant […]

SES CEO to step down

SES president and CEO Romain Bausch is due retire from the satellite operator after more than 18 years in the job, with board member Karim Michel Sabbagh named as his successor.  Bausch informed the SES board of directors that he plans to step down at the next annual general meeting of shareholders in April 2014, […]