Satellite maker SES posts in-line Q1 results, confirms guidance

SES SA

12/05/2026 06:37

Corrects paragraph 1 and headline to say result was above market expectations, not in line

May 12 (Reuters) - Luxembourg-based satellite maker SES SESFg.LU on Tuesday reported first-quarter results above market expectations and reiterated its yearly guidance.

Revenue was 847 million euros ($996 million) in the quarter and up 80% year-on-year at constant currency. The company signed 306 million euros of new business and contract renewals over the three-month period.

($1 = 0.8508 euros)

(Reporting by Leo Marchandon in Gdansk, editing by Milla Nissi-Prussak)

((leo.marchandon@thomsonreuters.com))