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"Strong start to 2021," says SES's Steve Collar


Written by Delano.lu
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The satellite operator’s headquarters in Betzdorf, Luxembourg Photo: SES
Luxembourg-based satellite operator SES on Wednesday posted net profits of €152m for the first half of this year, but a flat networks segment is failing to make up for video unit losses.
Underlying revenue in the company’s video segment was at €526m, down 3.9% year-on-year for the first six months of 2021. This compared to an 8% drop in revenue year-on-year at the end of the 2020 financial year.
Underlying revenue of €349m from the networks business, however, was flat compared to the first half of 2020 (-0.2%).
The company’s revenue outlook for the 2021 financial year remained unchanged and is expected to be between €1.76bn and €1.82bn, with around €1bn of that sum generated in the video segment. ....

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