SES released its H1 results. Revenue reached €956.8m, down 4.2% on a reported basis and 4.8% at constant FX, slightly below our estimates while EBITDA reached €699.8m, up 5.4% on a reported basis and 5.8% at constant FX. The main part of the growth came from the Video market, up 0.3% at constant FX (+0.8% reported), and from the Mobility activities, up 49.8% at constant FX (+52.4% reported). These results were partly offset by other markets such as Government down 15.2% at constant
