Following SES’s indication of its intention to dispose of its controlling interest, the ND SatCom unit is presented in the financial report as a discontinued operation in accordance with IFRS 5, with effect from this results announcement. To learn more, head over to the complete financial report at this direct link.
SES… Financially Speaking + ND SatCom Fade Out…
[SatNews] Modest returns and a desire to part ways with ND SatCom play their roles in the company’s latest one-half year financial result report.
Following SES’s indication of its intention to dispose of its controlling interest, the ND SatCom unit is presented in the financial report as a discontinued operation in accordance with IFRS 5, with effect from this results announcement. To learn more, head over to the complete financial report at this direct link.
Revenue rose 4.5 percent to 844.9 million euros over the prior year (808.1 million euros)
Recurring revenue rose 4.6 percent to 840 million euros
EBITDA of 632.7 million euros was 3.3 percent ahead of the prior year (612.2 million euros)
Recurring EBITDA rose 3.8 percent to 641 million euros
EBITDA margin was 74.9 percent
Infrastructure EBITDA margin was 83.6 percent
Operating profit rose 4.5 percent to 386.3 million
euros
Profit from continuing operations was 229.7 million euros (256.3 million euros)
EPS from continuing operations was 0.59 euros (2009: 0.66 euros)
Net Debt/EBITDA at the period end was 3.23 times
Successful launch/entry into operation of three satellites: NSS-12; SES-1; ASTRA 3B
Contract backlog increased by 7.0 percent to 7.1 billion euros
To read the entire financial report, access this direct link.
Following SES’s indication of its intention to dispose of its controlling interest, the ND SatCom unit is presented in the financial report as a discontinued operation in accordance with IFRS 5, with effect from this results announcement. To learn more, head over to the complete financial report at this direct link.
