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Friday, March 29, 2024

SES Revenue Reports, Solo Bid For Thailand’s Orbital Slot + More SES + Intelsat Legal Hostilities – SatNews

SES highlighted its “improving trajectory” of Video revenues for the six months to June 30th which were 3.9 percent down y-o-y at €526 million. SES’s argument is that, last year, its lost revenue position for H1 trading was at -8 percent down.

The company’s Networks division’s underlying revenue of €349 million was flat compared with H1 2020 (-0.2 percent at constant FX) with strong ongoing growth in Government (+11.3 per cent) offsetting Covid-related impacts on Mobility (-10.7 per cent) and near-term declines in Fixed Data (-3.9 per cent). Q2 2021 underlying revenue of €176 million was consistent with the prior period (-0.5 per cent y-o-y at constant FX) and 1.1 per cent higher than Q1 2021.

The contract backlog at June 30th 2021 was €5.3 billion (gross backlog of €5.9 billion including backlog with contractual break clauses).

SES seemed to…

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