SGBAF - SES S.A. reports FY results; robust 2023 outlook
- SES S.A. press release ( OTCPK:SGBAF ): FY adjusted net profit of €189M.
- Revenue of €1.94B (+9.0% Y/Y).
- Adjusted EBITDA of €1,105M (+1.3% Y/Y as reported).
- Leverage at 3.5x with solid cash generation.
- 2023 outlook of €1,950-2,000 million in revenue and €1,010-1,050 million in Adjusted EBITDA.
- SES-17 and O3b mPOWER gross backlog up +28% Y/Y and now standing at more than $1B.
- First O3b mPOWER satellites launched successfully in December 2022. Two further launches in Q2 2023 with initial commercial service in late Q3 2023 and customers ramping onto the system through Q4. O3b mPOWER technology upgrading existing O3b fleet
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SES S.A. reports FY results; robust 2023 outlook