SES : Q2 2024: deterioration in revenue trends and more to come (Brazil)
>Revenue down 4% y-o-y, of which -8% in video - For Q2 2024, SES reported revenues down 3.7% y-o-y to € 480m (vs +2.5% y-o-y in Q1), broadly in line with expectations but which might have been particularly cautious due to SES’ communication (ODDO BHF € 475m, consensus € 483m). EBITDA was down 4% y-o-y to €250m or €236m excluding exceptionals (ODDO BHF €235m, consensus € 244m). 2024 targets are unchanged. For 2024, SES is targeting revenues down 1-4% to € 1.94-2.0bn, a...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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