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UPDATE 2-Satellite firm SES raises sights for 2021 on strong HD demand

Lifts bottom of guidance for 2021 H1 results beat estimates thanks to video CEO predicts slowing decline (Updates with CEO quote from call, share move) Aug 4 (Reuters) - SES beat half-year core earnings and revenue expectations on Wednesday, prompting the satellite company to bump up its guidance and sending its shares as much as 7% higher. Its Paris-listed shares were among the best performers on the pan-European STOXX 600 index, with analysts praising a “solid” set of results. “We’re seeing more and more channels being transmitted in high-definition, which really speaks to the strength of satellite,” chief executive Steve Collar told reporters, predicting a flattening decline in revenues from the firm’s core video business.

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