Video falls to lower orbit for SES in 2018 | Satellite | News | Rapid TV News
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In keeping with a general recent trend for the application area in the industry, leading satellite operator SES has racked up a challenging year for its video vertical during 2018, with lower yearly revenues and trimming its future outlook.
SES TVGE 20Feb2018
For the financial year that ended on 31 December 2018, SES Group revenue was €2.01 billion 0.3 million up 1.7% compared with the prior period in 2017 at constant financial exchange. Underlying revenue, excluding periodic and other, grew by 1.9% year-on-year at constant FX to €1.963 billion.

SES Video represented two-thirds of the group cash generation but under the vertical’s underlying revenue of €1.292.1 billion was 4.0% lower year-on-year at constant FX compared with at the end of 2017. The company attribute the general fall to a 5.2% yearly slide in video distribution revenue notably in its international markets where trading conditions were said to have remained highly competitive. Video services revenues from the MX1 business lineMX1 business line were broadly in line with the prior year, slipping back 0.5%.

Commenting on the 2018 yearly results, SES CEO and president Steve Collar remarked that overall 2018 was a good year for the company which had delivered top-line growth, exceeding the top end of its revenue outlook. SES Video, he added, had also delivered on its 2018 revenue outlook and scored important wins despite what he called challenging market conditions.

Bullishly noting video highlights, he said: “We signed new customers and platforms while securing important renewals in our core neighbourhoods, including with Viacom, M7, QVC and Channel 4 in Europe as well as Comcast in North America. Given our 30+ year experience as one of the first providers of direct-to-home (DTH) services, I am delighted that we signed multi-year agreements to launch and expand new DTH platforms in the Caribbean with Kiwisat and in Eastern Europe with Telekom Srbija.

"In MX1, our video services business, new deals were secured with Agence France-Press, Discovery and Cell-C, while our HD+ service in Germany expanded with the addition of an Ultra HD channel from RTL. We continue to carry more HD and UHD channels across our network than any other satellite service provider.”