FY 15 results released They are globally good results and the guidance is reassuring. They are above AV's forecasts despite a higher negative contribution of O3b's losses (€126m vs €100m for AV's forecasts) and mainly due to forex effects, lower financial expenses and lower taxes: - Revenue €2,014.5m +5.0% (-3.2% at cc); AV forecast €1,926m - EBITDA €1,494.2m +4.6% (-3.6% at cc); AV forecast €1,430m - EBITDA margin 74.2% (2014: 74.4%) - D&A €610m; AV for

26 Feb 2016
Good FY15 performance and reassuring FY 16 guidance

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Good FY15 performance and reassuring FY 16 guidance
SES SA FDR (Class A) (SESG:PAR) | 0 0 4.1% | Mkt Cap: 5,372m
- Published:
26 Feb 2016 -
Author:
Myriam Cohen -
Pages:
2 -
FY 15 results released They are globally good results and the guidance is reassuring. They are above AV's forecasts despite a higher negative contribution of O3b's losses (€126m vs €100m for AV's forecasts) and mainly due to forex effects, lower financial expenses and lower taxes: - Revenue €2,014.5m +5.0% (-3.2% at cc); AV forecast €1,926m - EBITDA €1,494.2m +4.6% (-3.6% at cc); AV forecast €1,430m - EBITDA margin 74.2% (2014: 74.4%) - D&A €610m; AV for