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Satellite company SES on Thursday reported first-quarter earnings that beat market expectations and said it was on track to meet its full-year guidance.

We also confirmed the schedule for both O3b mPOWER and the US C-Band project.

The Luxembourg-based company, one of the world’s largest commercial satellite operators, reported first-quarter adjusted core earnings (EBITDA) down 3.2% year-on-year to €265 million (29,357 million euros). million), but still more than €255 million. Consensus compiled by the company.

“Our strong EBITDA performance demonstrates our continued focus on execution across our businesses,” Chief Executive Officer Steve Culler said in the earnings call.

SES’s quarterly revenues increased by 9.6% to €490m, slightly above analyst expectations of €484m due to the contribution from the acquisition of DRS GES.

SES has confirmed that it expects to receive a $3 billion pre-tax payment towards the end of the year to complete the C-band clearing of 5G in the US.

($1 = 0.9027 EUR) SES First Quarter Results Exceeded Expectations as Project Progressed

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