Satellite firm SES tops Q3 earnings estimates
Satellite firm SES tops Q3 earnings estimates Nov 5 (Reuters) - European satellite operator SES SESFg.LU beat third-quarter earnings and revenue expectations on Thursday, helped by strong demand from defence customers and growth at its mobility business.
Third-quarter adjusted core profit (EBITDA) came in at €413 million ($465 million) on revenue of €870 million
Analysts polled by the company had expected adjusted EBITDA of €367 million and revenue in the quarter reaching on average €832 million
SES, which supplies satellite internet services to governments, airlines and defence customers such as NATO, confirmed its annual financial forecast, with stable growth both for revenue and core profit
The Luxembourg-based group will host a capital markets day event on March 11, 2027 unveiling mid-term targets as well as long-term financial ambitions
($1 = 0.8880 euros)
(Reporting by Gianluca Lo Nostro; Editing by Matt Scuffham)
((gianluca.lonostro@thomsonreuters.com;))
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