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SES trims full-year guidance as revenues decrease 2.6% in Q2

Friday 7 August 2020 | 11:11 CET | News
Satellite operator SES has reported underlying revenues of EUR 467.9 million for the three months to June, down 2.6 percent year-on-year at constant currency (-2.2% in Q1). As in the previous quarter, the contraction was driven by the ongoing negative performance of the Video Distribution and Video Services divisions (-6.6% and -12.5% respectively), which generated underlying revenue of EUR 277.4 million overall. This was only partially offset by continuing growth at the Networks business (+6.5% from +7.7% in Q1), based on EUR 190.5 million worth of revenues.

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Categories: Broadcast & Satellite
Companies: SES
Countries: World
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