SES: slight fall in H1 profits

(CercleFinance.com) - SES has published an adjusted net profit down 4.
5% to E111m and an adjusted EBITDA down 1.1% to E525m for H1 2024, on revenues that rose 0.9% to E978m (-0.6% at constant exchange rates).

The satellite operator announces 5% growth in its network activities (including +8.4% for government activities), while its video performance fell by 6.7%, albeit with significant long-term contract renewals signed.

For FY 2024, SES confirms its forecasts for adjusted EBITDA of E950m to E1bn (and believes it is heading towards the upper half of this range), as well as revenues of E1.94bn to E2bn.


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