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SES: strong Q1 2023 results, on track to meet targets

( - Satellite operator SES said on Thursday that it is on track to meet its annual targets after posting "solid" Q1 results.

The Luxembourg-based group confirmed its forecast of revenues of 1.95 to 2 billion euros this year, with adjusted Ebitda expected between 1.01 and 1.05 billion euros.

Q1 adjusted Ebitda fell by 3.2% to E265m, including a 7.4% decline when adjusted for currency effects.

Quarterly revenues increased by 9.6% to E490m, although were down 3% at constant exchange rates.

This morning SES, which already has four O3b mPower next-generation satellites in orbit, confirmed that the last two aircraft in the constellation would be launched in June.

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