SES: 9m results down
(CercleFinance.com) - The SES stock is down 1.
6% today after the group announced net income group share of 303.7 million euros over the first nine months of 2018, against 394.5 million euros a year earlier, with an EBITDA margin that is down two points at 63.1% (63.8% excluding restructuring costs).
Revenues posted by the satellite operator came in at 1,469.4 million euros, up 0.4% at constant exchange rates, including recurring revenue of 1,445.6 million euros, up 2.1%, thanks to SES Networks (+13.6%).
Steve Collar, President and CEO, commented: “Our focus on execution continues to generate strong financial performance,” who believes that the company is “on track to deliver on our year-end financial outlook.”
Copyright (c) 2018 CercleFinance.com. All rights reserved.
6% today after the group announced net income group share of 303.7 million euros over the first nine months of 2018, against 394.5 million euros a year earlier, with an EBITDA margin that is down two points at 63.1% (63.8% excluding restructuring costs).
Revenues posted by the satellite operator came in at 1,469.4 million euros, up 0.4% at constant exchange rates, including recurring revenue of 1,445.6 million euros, up 2.1%, thanks to SES Networks (+13.6%).
Steve Collar, President and CEO, commented: “Our focus on execution continues to generate strong financial performance,” who believes that the company is “on track to deliver on our year-end financial outlook.”
Copyright (c) 2018 CercleFinance.com. All rights reserved.