SES : Q1 in line, but group again pinned back by video division (-7.3% LFL)
>Video still under pressure (-7.3% LFL) despite mobile solutions (+8.7%) - First-quarter financial results were broadly in line with estimates even though the video division was again under intense pressure. In contrast, revenue rose sharply in the networks division thanks to mobile solutions and government services:Sales edged down by 2.3% like for like, i.e. at comparable scope and constant forex (ODDO BHF: -2.5%), to € 481m (cons. € 482m), which was fully in l...SES is engaged as a provider of satellite-delivered services. As a strategic management company, Co. operates through a unique network of leading satellite operators around the world. This network comprises the fully-owned SES ASTRA in Europe and SES AMERICOM in the U.S., as well as participations in regional satellite operators. SES ASTRA is European direct-to-home satellite operator. SES AMERICOM operates a fleet of 17 satellites serving the Americas, Europe and the Asia-Pacific region. AsiaSat provides transponder capacity for broadcast, broadband and telecommunications services in the Asia-Pacific region.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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