August 09, 2020 - SatCesc

SES carried of 8,302 TV channels to viewers around the world

SES S.A. announced financial results for the six months ended 30 June 2020

For the six months ended 30 June 2020, SES reported revenues of €947.5 million, down 1.5% as reported with underlying revenue 2.4% lower than at the end of H1 2019. Adjusted EBITDA was €582.0 million, falling back 2.3% as reported on a yearly basis and slipping 3.5% at constant currency exchange compared with H1 2019 and representing an adjusted EBITDA margin of 61.4% including a 2.2% year-on-year reduction in recurring operating expenses.

This said the company was a result of ‘right-sizing’ of capacity by customers in mature markets, and the decision to reduce exposure to low margin video services activities contributing to lower Services revenue. The latter dropped by 9.6%. Nevertheless, SES said utilisation rates across industry-leading European Video neighbourhoods remained strong.

Video now accounted for 59% of company business, down four percentage points compared with a year earlier. As of 30 June 2020, SES carried a total of 8,302 TV channels to viewers around the world including 2,948 channels in high definition and Ultra HD, up 2% year-on-year. Just over two-thirds of total TV channels are now broadcast by SES in MPEG-4 with an additional 4% in HEVC.

Spanish version: SES Astra difunde 8.302 canales de televisión en todo el mundo