(News Bulletin 247) – The satellite operator SES declared Thursday that it was on track to achieve its annual objectives after posting “solid” results in the first quarter.
The Luxembourg group has confirmed its forecast of a turnover of between 1.95 and two billion this year, for an adjusted Ebitda which should be between 1.01 and 1.05 billion euros.
Over the first three months of the year, its adjusted EBITDA fell by 3.2% to 265 million euros, including a decline of 7.4% once adjusted for currency effects.
Quarterly revenue increased by 9.6% to 490 million euros, but was down 3% at constant exchange rates.
SES, which already has four next-generation O3b mPower satellites in orbit, confirmed this morning that the last two devices in the constellation will be launched in June.
The group added that it expects to collect three billion dollars by the end of the year from the release of C-band in the United States.
All these announcements were welcomed Thursday morning at the Paris Stock Exchange, where SES shares rose 5.2% after less than an hour of trading.
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