SES has announced “solid” financial results for the three months ended 31 March 2018 with reported revenues of EUR 477.6m and a net profit of EUR 98.2m.
It said mobility underlying revenue grew by 30.4%, versus Q1 2017, driven by strong demand from aeronautical service providers in North America following the entry into service of SES-15 in January 2018.
SES-15 says it is now one of the leading satellites for delivering inflight connectivity and entertainment services in partnership with major global service providers such as GEE, Gogo and Panasonic Avionics.
Gogo is already utilising the satellite to provide broadband inflight connectivity and added more than 200 aircraft within the first operational month.
In April 2018, Sputnik Telecommunications Entertainment Company (STECCOM) signed an agreement to utilise the company’s capacity and associated services to serve commercial passenger across the Commonwealth of Independent States region and Europe.
Steve Collar, SES President and CEO, said: “We have made a solid start to 2018 with our Q1 results in line with our expectations. I am particularly pleased to see the underlying growth that we anticipated in our SES Networks business coming through, fuelled by strong performance in our aeronautical Mobility and Government business segments.
“Our strong focus on execution across the business continues, as evidenced by three successful launches in the quarter and the entry into service of SES-15 early in Q1.
“This satellite has already become a prime satellite for the North American aeronautical market, with Gogo transferring more than 200 aircraft to the satellite within the first month of service launch and Global Eagle Entertainment taking significant incremental capacity to serve its airline customers.”
The company is the first satellite operator to deliver a differentiated and scalable GEO-MEO offering worldwide, with more than 50 satellites in Geostationary Earth Orbit (GEO) and 16 in Medium Earth Orbit (MEO).