Luxembourg satellite operators, SES, posts strong half year results 2018.
SES, the Luxembourg-based satellite operator, has announced strong financial result for the first half of 2018, with double-digit underlying growth in SES Networks driving the overall increase in group income.
A group revenue of €981.4 million was achieved and Ebita (earnings before interest, tax and amortisation) reached €621.1 million.
“We have delivered a strong first half of 2019,” said SES president and CEO Steve Collar in a statement, “fully in line with our expectations and continuing our momentum from the first quarter…fuelled by sustained performance from our Networks business and, in particular, from our aeronautical and government customer segments.”
SES Networks’ underlying revenue of €311.4 million was 10.6% higher than H1 2017 at constant FX (accounting for currency variations). Mobility (+30.9%) and Government (+17.4%) delivered strong growth, while Fixed Data revenue (-5.6%) was lower than the prior period. SES Networks’ underlying revenue in Q2 2018 was €158.4 million (up 12.7% versus Q2 2017 at constant FX).
Further details of SES’ H1 2018 results can be viewed here.