SES: confident about its annual targets

(CercleFinance.com) - On its 9m 2024 publication, SES estimates that its adjusted EBITDA and revenues are heading towards the upper end of its annual target ranges, i.
e. from E950m to E1bn and from E1.94bn to E2bn respectively.

The satellite operator reported adjusted net profit down 35.1% to E116m and adjusted EBITDA down 2.1% to E775m at end-September, on revenues down 1.3% to just under E1.48bn (-1.1% at constant exchange rates).

SES posted growth of 2.9% in its network activities (including +7.2% in government activities and +5% in mobility), while its media activities fell by 5.5%, mainly due to lower revenues in mature markets.


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