|
SES S.A. announced solid financial results for the first three months ended 31 March 2020 with performance in line with the company's expectations and strong underlying revenue growth in SES Networks. The business has seen limited impact to date from the COVID-19 global pandemic but given the unprecedented impact on the global economy and on certain industry segments that the company serves, SES has proactively implemented a series of measures to mitigate the headwinds to be faced in 2020.
Key highlights:
- Reported revenue of EUR 478.9 million, in line with prior period on a reported basis (down 1.9% at constant FX)
- Underlying revenue of EUR 470.8 million; down 2.2% (Video: -7.8% and Networks +7.7%)
- EBITDA of EUR...
|