SES : Q3 2019 in line with expectations for revenue and better for net profit
>Q3 in line for revenue and better than expected for net profit - SES’ Q3 2019 results were broadly in line with expectations, with unchanged downward trends for the video segment (62% of revenue) partially offset by growth in the networks segment (38%). Group revenue declined by “only†-1.6% on a like-for-like basis to € 491m (consensus € 494m), i.e. 0.6% short of expectations and a sharp improvement on Q2 (-7.7% const. FX).The video division saw its rate of und...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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