SES : Q2 EBITDA in line, sales 1% below the consensus dented by the video activity
>The situation worsened in video with networks not yet able to offset the performance - SES has reported Q2 results broadly in line with forecasts despite a video segment that remains under pressure and a network division boosted by mobility:Revenues were down by -7.7% l-f-l (ODDO BHF: -6.6%) to € 481m (consensus at € 485m), i.e. 1% below forecasts. However, in detail:The video division (63% of sales) saw its underlying growth drop sharply again by -10.5% af...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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