SES claims acceleration for fiscal 2016 | Satellite | News | Rapid TV News
By continuing to use this site you consent to the use of cookies on your device as described in our privacy policy unless you have disabled them. You can change your cookie settings at any time but parts of our site will not function correctly without them. [Close]
In what it says has been a vindication of its plan to build differentiated capabilities in four market verticals, satellite operator SES has reported 2.7% growth in revenue and its highest ever contract backlog for its fiscal 2016.

SES 10 satellite HReported revenue was €2.069 billion, driving a net profit attributable to SES shareholders of €962.7 million. This compares with € 544.9 million for the 2015 reporting period, though SES noted that it experienced a €495.2 million gain related to O3b consolidation in Q3 2016. 

In its video vertical, SES ended the 2016 financial year adding nearly 170 HDTV channels, growing 7.2% year-on-year to 2,495 channels, and totalled 21 Ultra HD commercial channels. The year also saw the launch of the MX1 services division, which now provides value-added ancillary capabilities to over 2,750 global TV channels and more than 120 video-on-demand (VOD) platforms

Summing up the results, Karim Michel Sabbagh, president and CEO, commented: “2016 was a year of acceleration for SES. We continued to execute our strategy of building differentiated capabilities in the four market verticals ... SES is committed to building the business with strategic clarity, value accretive investments and strong execution. These fundamentals support our objective of delivering sustained and profitable growth in all four market verticals, and will enable SES to continue to generate attractive long-term returns for shareholders.”