The national satellite operator SES published its 2018 annual report on Wednesday morning.
Despite high figures, the Betzdorf-based company's finances are not quite as healthy as in previous years. In 2018, the national satellite operator's revenue lay at €2.01 billion - a minus of 1.2% compared to the 2017 balance sheet. However, at a constant foreign currency, the revenue is up 1.7%.
Its operating profits have suffered a 36% decrease, leaving the company at €391 million.
CEO Steve Collar viewed the full year results as globally positive, telling Business Wire: "2018 was a good year for SES. We have delivered top-line growth, exceeding the top end of our revenue outlook on the back of an exceptionally strong year for SES Networks. We are transforming our business internally and externally, retooling the organisation in response to the strong demand for end-to-end services, managing operational costs while expanding competencies and capabilities to drive growth. The strong focus on cash flow and cost control that started in 2018 will continue and accelerate in 2019."
Dividends per share remain at €0.80.
