SES profits jump in wake of strong video focus
Satellite and communications company SES has reported a jump in profit before tax of 9.1 per cent to €677m (£577m) for the year to 31 December.
SES said it was reinforcing its position in developed markets, while focusing on investments in regions and applications with high growth potential.
Romain Bausch, president and CEO, commented:
The company continued to expand its operations and delivered growth as foreseen, with a strong video focus delivering a 12 per cent increase in the number of TV channels carried on the fleet to over 6,200.
Last week, UBS said it expected no major surprises for SES's 2013 results anticipating growth momentum to improve. The company's revenue rose 1.9 per cent, in line with UBS forecasts. SES attributed reported revenue growth to a solid performance in the International region.
Romain Bausch confirmed he would be stepping down as president and CEO of SES at the company's annual general meeting in April after 19 years as head of the firm.
Looking to the future, SES said the success of the three satellite launches during 2013 would give the company a solid foundation for future growth.