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SES S.A. announces financial results for the nine months ended 30 September 2021.
SES YTD 2021 Results:
- Solid performance delivering revenue of €1,319 million and Adjusted EBITDA of €823 million
- Improving trajectory in Video to -4.1% YOY YTD 2021 from -8.0% YOY in FY 2020
- Resilient Networks performance, flat YOY, in a COVID impacted environment with strong prospects for future growth
- 2% YOY reduction in recurring Operating Expenses supporting Adjusted EBITDA margin of 62%
- Over 95% of FY 2021 revenue outlook (€1,760-1,800 million vs. €1,760-1,820 million at H1 2021) already under contract
- Adjusted EBITDA outlook unchanged for FY 2021 of €1,080-1,100 million (improved from €1,060-1,100 million at H1 2021)
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