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SES S.A.: SES: Q1 2021 Results
SES S.A. announces financial results for the three months ended 31 March 2021.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210505006250/en/
SES Q1 2021 Results (Photo: Business Wire)
Strong execution delivering revenue of €436 million and Adjusted EBITDA
(1) of €268 million
(2,3) in FY 2020 to -4.6% YOY
(2,3) in Q1 2021
Solid Networks performance (flat YOY
(2,3)) in the COVID environment with strong prospects for future growth
7% YOY
(4) gains, supporting higher YOY Adjusted EBITDA margin (61%)
Solid cash flow generation and financial discipline supporting lower YOY leverage ratio
(5) of 3.1 times at 31 March 2021
Adjusted Net Profit up 42% YOY to €75 million