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The A CAPE'lla festival showcases the art of a capp...
Steve Collar, SES chief executive: “I am particularly pleased to see the underlying growth that we anticipated in our SES Networks business coming through, fueled by strong performance in our aeronautical Mobility and Government business segments."
( Photo : SES )
Luxembourg satellite operator SES announced strong quarter one results on 26 April, saying that its performance was supported by the robust operation of its aeronautical mobility and government business segments.
“I am particularly pleased to see the underlying growth that we anticipated in our SES Networks business coming through, fueled by strong performance in our aeronautical Mobility and Government business segments,” chief executive Steve Collar said in a statement on the company’s results.
In a press release published on Reuters, it was reported that, “Earnings before interest and taxation, depreciation and amortisation (EBITDA) fell 8.7% to €304.4 million on a like-for-like basis, but that topped the €287.8 million expected by analysts in a consensus compiled for the company.”
It was further reported that, “Underlying revenue in the networks division rose 8.5% to €153 million, at constant exchange rates, helped in part by the SES-15 satellite entering into service.”
Although underlying revenue in the company’s core video business fell 3.6%, at constant exchange rates, this was less than anticipated thanks to the, “stability in the revenue of media service MX1 with new business in Europe offsetting non-renewals,” the press release stated.
Looking forward, SES is “encouraged” by the commercial pipeline for its SES-9 and SES-10 satellites.