SES Result 28/10/2016

Thanks to a gain of €495.2 million ($544.1 million) on the disposal of a non-controlling interest related to consolidation of O3b, SES S.A. posted Q3 net profits of €596.7 million ($655.6 million), well above Q3 last year’s profits of €100.1 million ($110 million), on turnover of €533.3 million ($586 million), up from €493.5 million ($542.2 million). For the nine months profits were up to €824.0 million ($905.4 million) from €375.5 million ($412.6 million) on sales which were essentially flat at €1.5 billion ($1.6 billion). The company noted that the number of HD channels was up 6.1% YoY to 2,434.