SES S.A. announces half year financial results for the six months ended 30 June 2021.
Solid H1 performance delivering revenue of €875 million and Adjusted EBITDA(1) of €544 million
Improving trajectory in Video to -3.9% YOY(2,3) in H1 2021 from -8.0% YOY(2,3) in FY 2020
Resilient Networks performance, flat YOY(2,3), in a COVID impacted environment with strong prospects for future growth
5% YOY(3) reduction in recurring Operating Expenses supporting higher YOY Adjusted EBITDA margin (of 62%)
19% YOY net interest expense reduction contributing to 35% YOY growth in Adjusted Net Profit of €152 million
Solid cash flow generation and financial discipline supporting leverage
Solid H1 performance delivering revenue of €875 million and Adjusted EBITDA(1) of €544 million
Improving trajectory in Video to -3.9% YOY(2,3) in H1 2021 from -8.0% YOY(2,3) in FY 2020
Resilient Networks performance, flat YOY(2,3), in a COVID impacted environment with strong prospects for future growth
5% YOY(3) reduction in recurring Operating Expenses supporting higher YOY Adjusted EBITDA margin (of 62%)
19% YOY net interest expense reduction contributing to 35% YOY growth in Adjusted Net Profit of €152 million
Solid cash flow generation and financial discipline supporting leverage
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