For the first quarter of 2024, satellite operator SES reports a 20% increase in adjusted net profit to 77 million euros, and a 3.8% increase in adjusted EBITDA to 275 million euros (+4.7% at constant exchange rates).

Revenues rose by 1.5% to 498 million euros (+2.5% at constant exchange rates), with growth in the networks division, driven by the mobility and government segments, more than offsetting the decline in the video division.

For the current year as a whole, SES says it is on track to achieve its targets, and confirms that it expects adjusted EBITDA of between €950 million and €1 billion, and revenues of between €1.94 and €2 billion.

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