SES released a rather good set of Q1 results, marked by timing headwinds in the Video vertical, the continued recovery of the Data business and the confirmation of management guidance. Key highlights Revenue was up 12.2% at €540.6m (+1% lfl). EBITDA remained broadly stable, at €357.6m (Q1 16: 356.2m). EBITDA margin of 66.2%, down from 67.6% (lfl). EBIT margin of 34.5%, up from 32.2 (lfl). Net profit was up 11.5%, at €128.4m. At 31/03/2017, net debt stood at 3.05x EBITDA, down s
28 Apr 2017
Video noises hinder solid Q1 results
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Video noises hinder solid Q1 results
SES SA FDR (Class A) (SESG:PAR) | 0 0 4.1% | Mkt Cap: 5,372m
- Published:
28 Apr 2017 -
Author:
Edouard Enault -
Pages:
3
SES released a rather good set of Q1 results, marked by timing headwinds in the Video vertical, the continued recovery of the Data business and the confirmation of management guidance. Key highlights Revenue was up 12.2% at €540.6m (+1% lfl). EBITDA remained broadly stable, at €357.6m (Q1 16: 356.2m). EBITDA margin of 66.2%, down from 67.6% (lfl). EBIT margin of 34.5%, up from 32.2 (lfl). Net profit was up 11.5%, at €128.4m. At 31/03/2017, net debt stood at 3.05x EBITDA, down s