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SES: H1 earnings up 11%

( - SES has reported H1 2022 adjusted net profit that is up 10.
6% at 168 million euros, despite a 1.6-point drop in its adjusted EBITDA margin to 60.6%, on revenues that are up 2.8% to 899 million euros (although -2.1% excluding FX factors).

The satellite operator has announced 2% growth in its network business, a trajectory that it believes will be further strengthened by significant gains with the ARSAT and AXESS networks, as well as by the commissioning of SES-17.

As a result, SES says that it is completely on track to achieve its FY 2022 revenue (expected to be 1.75 to 1.81 billion euros) and adjusted EBITDA targets.

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