![]() ![]() Ground-breaking EAGLE-1 partnership advances SES’ leadership in Quantum Key Distribution and secure connectivity across Europe.First O3b mPOWER launch scheduled for 15 December 2022 with further launches planned for Q1 2023.SES-17 (in service/consuming backlog) & O3b mPOWER (service introduction Q3 2023) gross backlog $955 million (up 22% YOY).Additional clearing for Verizon nearing completion expect $155 million in Q4 2022 with balance up to $15 million in early 2023.Clear line of sight to Phase 2 clearing proceeds ($3 billion pre-tax) SES-20, SES-21, and SES-22 all successfully in orbit.US C-band clearing de-risked to deliver over $3 billion of value differentiated investments to drive future long-term growth Leverage at 4x due to DRS GES acquisition and growth investment expected to reduce to around 3.5x by end-2022.Expected revenue contribution from DRS GES acquisition of $85-90 million (from 1 August 2022 to 31 December 2022).Growth in Networks (+2.7% YOY) and important renewals secured in Video (-5.6% YOY including periodic) underpins Full Year standalone outlook of €1,750-1,810 million in revenue and €1,030-1,070 million in Adjusted EBITDA.Revenue of €1,400 million (+6.1% YOY as reported), Adjusted EBITDA of €829 million (+0.7% YOY as reported), and Adjusted Net Profit €277 million (+23.2% YOY as reported) including contribution from DRS GES (acquired 1 August 2022) and stronger US dollar.YTD financial performance reflects solid execution across the business, complemented by value-accretive DRS GES acquisition announces financial results for the nine and three months ended 30 September 2022.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |