Underlying revenue from SES’s core businesses was up 2.1%, with revenue from SES Networks offsetting a dip from SES Video.
SES turned in an operating profit of €404.3 million for the year to date, down 7.2% at constant currency.
In the video segment, growth in video services partly offset lower video distribution revenue. Video distribution dipped by 4.3% in constant currency terms to €734.7 million, hit by lower revenues in the US with the switch off of SD channels, while video services climbed by 3.5% to €242.7 million.
SES Networks, which covers mobile, government and data services, saw underlying revenue grow by 13.6% at constant currency to €478.1 million.
““Our focus on execution continues to generate strong financial performance, delivering growth in absolute and underlying revenue, and we remain on track to deliver on our year-end financial outlook,” said president and CEO Steve Collar.
03 December 2020 @ 18:34:00 UTC
03 December 2020 @ 18:00:00 UTC
03 December 2020 @ 17:35:00 UTC