$SESG (+0,42 %) - the satellite operator from Luxembourg has performed well to very well over the past month (up almost 30% on the month as of today).
I actually have the stock in my portfolio as a dividend payer and was just about to build up the position further, but the price is now running away from me.
I went through the company news of the last few weeks. The positive share price performance is fueled by:
- Strong revenue growth in the first quarter of 2026, with SES reporting an 80.5% increase in revenue to EUR 847 million as Intelsat's figures are now fully consolidated following the merger in July 2025.
- Good operating result. Adjusted EBITDA increased by 44.2% to 404 million euros. This has strengthened the market's confidence in the profitability of the merger.
- Lower capital expenditure. Planned investments for 2026 were capped at around EUR 700 million, which protects free cash flow and accelerates the planned debt reduction.
- Good development of the Networks and Mobility division. The business with connectivity for aviation is growing rapidly; almost 600 aircraft are already flying with the SES platform.
- Government contracts and defense. The demand for secure, satellite-based communication is increasing. There is an order backlog of over 3.5 billion euros from European and US authorities.
It's a pity I wasn't quicker to build up the position. Nevertheless, I think I will gradually buy a little more.
(Image created in Lovart.ai, modified in Photoshop)
