SES S.A. announces financial results for the year ended 31 December 2020.
SES S.A.: Full Year 2020 Results
Third successive year delivering EBITDA outlook despite challenging COVID-19 environment in 2020
Growth engine Networks revenue +5% YOY
(1,2), or +27% since 2017, and Video revenue of €1,108 million in line with expectations
Adjusted EBITDA
(3) of €1,152 million delivered within pre-COVID-19 financial outlook and at high end of mid-year outlook
Strong net cash generated from operations of €1,049 million representing 97% of reported EBITDA
Commitment to disciplined financial policy and shareholder returns
Solid cash flow generation driving €505 million YOY debt reduction and lowest leverage ratio
(4) (of 2.97 times) over the past 5 years
Proposed 2020 dividend of €0.40 per A-share consistent with commitment to maintain a minimum base dividend of €0.40
SES claims resilient year as it inks long-term renewal with Sky
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