SES : The announcement of partial spin-off of networks looks like smoke and mirrors
>Disappointing sales in Q4 2019, no improvement in video - SES reported on 2 March lower-than-expected Q4 2019 results at the level of sales and better-than-expected net profit thanks to a substantial tax credit, while the group booked a hefty impairment charge. The disappointment came from sales linked to the video business, which was 3.3% shy of expectations with a contraction of 6.8% y-o-y at constant currency (cc), whilst the performance from networks was in line ...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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