Satellites maker SES’s half-year profit beats estimates
2022.08.04 08:53
Satellite model is placed on SES logo in this picture illustration taken April 4, 2022. REUTERS/Dado Ruvic/Illustration
(Reuters) – Satellite company SES on Thursday reported stronger-than-expected core earnings for the first half of the year driven by its core video business.
The Luxembourg-based group reported adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of 545 million euros ($554 million) for the January-June period, on a revenue of 899 million euros.
Analysts on average had predicted a first-half adjusted EBITDA of 539.2 million euros and revenue of 895 million euros in a company-provided poll compiled by Vara Research.
“We are fully on track to deliver on our full year revenue and EBITDA outlook,” said Chief Executive Steve Collar said in a statement.
($1 = 0.9839 euros)
