0
Video

SES underlying revenue growth slows to 1.6% in Q4

Wednesday 27 February 2019 | 12:42 CET | News
Satellite operator SES met its full-year revenue and EBITDA targets and confirmed its guidance for the current year. The forecast for 2020 has been lowered marginally, due to a weaker outlook at its core Video business. The fourth quarter performance was impacted by a 7.5 percent drop in Video revenues on an underlying basis (-3.8% in Q3), which fell to EUR 324.6 million. This contraction was offset by the stronger than expected rise at the Networks division, where underlying revenues rose to EUR 193.0 million, up 21.6 percent year-on-year (+19.5% in Q3). All segments within the Networks

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Broadcast & Satellite
Companies: SES
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

SES posts drop in Q1 profit, confirms FY targets

Published 26 Apr 2019 12:16 CET | World
Satellite operator SES reported falls in first-quarter EBITDA and profit, hurt by ongoing weakness at its core Video business. ...

Last week in telecoms: Swiss consolidation and bidders for Portuguese fibre

Published 04 Mar 2019 07:00 CET | Europe
The biggest news in the European telecoms markets was the sale by Liberty Global of UPC Switzerland to Sunrise. Altice Europe ...

Orbit develops dual band terminal in conjunction with SES Networks

Published 26 Feb 2019 14:47 CET | World
Orbit Communication Systems, which provides satellite-tracking maritime and ground station services, has launched a dual band ...

SES-12 goes operational to serve Asia-Pacific and Middle East

Published 26 Feb 2019 09:43 CET | Middle East
SES announced that its newest satellite, SES-12, is ready to serve customers across Asia-Pacific and the Middle East. The ...

SES awarded managed connectivity services contract by EU Maritime Safety Agency

Published 14 Feb 2019 11:16 CET | Europe
SES was awarded a managed connectivity services contract by EU Maritime Safety Agency (EMSA) to boost connectivity for the ...

SES's new batch of O3b satellites arrive at Kourou for March launch

Published 07 Feb 2019 15:08 CET | France
SES said its four new O3b Medium Earth Orbit (MEO) satellites arrived safely at the Guiana Space Centre in Kourou, French Guiana, ...