SGBAF - SES S.A. GAAP EPS of -Euro0.17 revenue of Euro987M; reaffirms FY23 outlook

August, 03 2023 02:05 AM Ses Global Sa Fid Dep Shs

2023-08-03 02:05:53 ET

SES S.A. press release ( OTCPK:SGBAF ): 1H GAAP EPS of -€0.17.
Revenue of €987M (+9.8% Y/Y).
Adjusted EBITDA of €530 million (-2.7% Y/Y as reported) representing a margin of 54%.
Contract backlog at 30 June 2023 was €4.7 billion (€5.7 billion gross backlog including backlog with contractual break clauses).
2023 group revenue and Adjusted EBITDA outlook remains on track and expected to be between €1,950 - 2,000 million and between €1,010 - 1,050 million respectively.

Capital expenditure (net cash absorbed by investing activities excluding acquisitions, financial investments, U.S. C-band repurposing, and assuming an FX rate of €1=$1.09) is also unchanged and expected to be around €550 million in 2023.

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