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SES S.A. announces financial results for the year ended 31 December 2020.
Third successive year delivering EBITDA outlook despite challenging COVID-19 environment in 2020:
- Growth engine Networks revenue +5% YOY, or +27% since 2017, and Video revenue of €1,108 million in line with expectations
- Adjusted EBITDA of €1,152 million delivered within pre-COVID-19 financial outlook and at high end of mid-year outlook
- Strong net cash generated from operations of €1,049 million representing 97% of reported EBITDA
Commitment to disciplined financial policy and shareholder returns:
- Solid cash flow generation driving €505 million YOY debt reduction and lowest leverage ratio (of 2.97 times)...
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