SGBAF - SES S.A. reports 1H results; issues guidance

August, 04 2021 05:27 AM Ses Global Sa Fid Dep Shs

SES S.A. (OTCPK:SGBAF): 1H GAAP EPS of €0.25. Revenue of €875M (-7.7% Y/Y) The contract backlog at 30 June 2021 was €5.3B (gross backlog of €5.9B including backlog with contractual break clauses). FY 2021 revenue outlook is unchanged and expected to be between €1,760-1,820 million (including €1,000-1,030 million for Video and €750-780 million for Networks) while the FY 2021 Adjusted EBITDA outlook is improved to between €1,080-1,100 million (from €1,060-1,100 million). Capital expenditure is unchanged and expected to be €660 million in 2021 and €880 million in 2022 reflecting the growth investment in SES-17 and O3b mPOWER. Thereafter, capital expenditure is expected to reduce significantly to €220 million in 2023, €570 million in 2024, and €340 million in 2025, representing an average annual capital expenditure of €375 million (2023-2025). Press Release

For further details see:

SES S.A. reports 1H results; issues guidance

Company Name:	Ses Global Sa Fid Dep Shs
Stock Symbol:	SGBAF
Market:	OTC

Twitter