SES announced FY17 Q1 result with net sales of €540.6 million ($590.9 million) and operating profit of €186.7 million ($204.0 million), resulting in operating margin of 34.5%. The net profit was €128.4 million ($140.3 million) with net profit margin of 23.7%.
The quarterly sales were up by 12.3% on a yearly basis while both operating profit and net profit fell by 12.8% and 10.8% respectively on the same basis. Total TV channels increased 4% on a yearly basis to reach 7,610 while HDTV channels increased 6% to reach 2,496.
The company believed that FY17 Q1 result to be fully in line with expectations with all the data-centric markets developing positively, and it remains well placed to deliver sustained growth in all four of its market verticals in the second quarter of the year.
