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SES Betastrasse 1-10 85774 Unterföhring, Germany http://de.ses.com
Contact Ms Suzanne Ong +352 71 07 25 500
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SES

Half Year 2020 Results

"Solid first half performance"

(PresseBox) (Luxembourg, )
SES S.A. announced financial results for the six months ended 30 June 2020.

Solid H1 performance in line with expectations and continued underlying growth in Networks of +7.1% year-on-year([1],[2])


Revenue of EUR 947.5 million, -1.5% as reported with underlying revenue 2.4%(1,2) lower than H1 2019
Adjusted EBITDA([3]) of EUR 582.0 million, -2.3% as reported (-3.5% at constant FX(2)) compared with H1 2019 and representing an Adjusted EBITDA(3) margin of 61.4% including a 2.2% year-on-year reduction in recurring operating expenses


Limited COVID-19 impact in H1 reflecting business resilience with measures in place to mitigate increased headwinds in H2 2020


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