SES says its first half performance was in line with expectations as the video market continued to provide challenges.
“We’ve had a solid first six months with financial results in line with our expectations, with continued revenue growth in Networks, strong control over cost and discretionary spending and important progress towards reshaping SES with the objective of delivering exceptional services and driving customer success,” said Steve Collar, President and CEO, SES.
SES says it’s starting to see the benefits of bringing together its infrastructure and MX1 businesses into a single operational unit. The company has also expanded platforms into in Ethiopia, Brazil and Ivory Coast, expanded its managed services relationship with Discovery in Germany; while MX1’s Sports & Events team provided backhaul for the Women’s World Cup and Eurovision Song Contest.
The video segment reported earnings of €604.6 million (down 8.8% on the year).
Net profit across the group was €169.2 million.
