SES : Q3 results publication in line but sharp acceleration at the networks division
>Q3 results in line with expectations - SES reported Q3 sales 0.3% above expectations, up 2% to € 488m. Over 9M 2018, sales increased by 0.4% organically (-3.8% reported).The Video division (67% of revenue) posted a decline of -3.9% to € 319m, after -1% in Q2 and -3.6% in Q1. The moderate growth in services (+3.5% YTD, especially MX1) was offset by the weakness of video distribution (-4.7% over 9M). While volumes remained stable in Europe, the situation in intern...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.
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