The president of SES says the company is transforming its business internally and externally.
Steve Collar said 2018 was a “breakout year” for the Luxembourg company’s networks business with double-digit underlying revenue growth.
SES Video, which still represents two-thirds of group revenue, delivered on its 2018 revenue outlook despite challenging market conditions. There were significant renewals with Viacom, M7, QVC and Channel 4, though the loss of some short-term contracts brought revenues down.
The prospects for video in North America has seen the company trim its outlook for 2020.
The company recorded profits of €292.4 million, a 50.9% reduction on the previous year. Revenues amounted to €2,010.3 million, a 1.7% increase at constant FX.
In Europe, HD+ customers received a €10 increase subscription increase, taking the annual cost to €70. There was some compensation for viewers by way of a new UHD channel from RTL.
Media Services company MX1 lost some legacy contracts leading to a slight fall in annual revenues.
