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Satellite firm SES tops Q3 earnings estimates

By Reuters News

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)

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