Sony Pixel Power calrec Sony

YTD 2020 Results

05/11/2020

Written on 05 Nov 2020

Luxembourg, 5 November 2020 -- SES S.A. announced financial results for the nine months ended 30 September 2020.

Solid performance with continued strong underlying growth across Networks

Networks revenue 7.5% year-on-year(1,2); Q3 2020 Video revenue stable quarter-on-quarter(1,2)

Adjusted EBITDA(3) EUR 883 million representing 62.6% margin with recurring operating expenses reduced 3.7% year-on-year

On track to deliver on FY 2020 financial outlook

Over 97% of group revenue outlook (EUR 1,860-1,900 million(4)) already contracted

Exceptional' COVID-19 cost mitigations of around EUR 50 million underpin Adjusted EBITDA(3) outlook (EUR 1,120-1,160 million(4))

Strong progress across four key initiatives that will drive substantial long-term value

On track to clear U.S. C-band by the stated deadlines and realise the full USD 4 billion of accelerated relocation payments

Simplify & Amplify initiatives implemented unlocking EUR 40-50 million of annual EBITDA optimisations from 2021 onwards; having concluded its investigation, the SES Board has decided not to pursue a separation of Networks within SES at this time

Building the multi-orbit Network of the Future' through launch and interoperability of SES-17 and O3b mPOWER. Positioned to capture growth resulting from the projected three-fold increase in addressable market(5); USD 0.5 billion of contract backlog secured across the programmes with commercial traction increasing as launch approaches

Foundational and expanded partnership with Microsoft and Azure Orbital at the heart of cloud-first' strategy to transform service delivery, expand service offerings and enhance customer experience

Steve Collar, CEO of SES, commented: Our solid performance continued into the third quarter, despite ongoing COVID-19 headwinds, with sustained growth across Networks and stable revenue quarter-on-quarter in our Video business. We were delighted to announce a substantial extension of our relationship with Canal across three orbital locations and valued at over EUR 230 million, as well as a meaningful extension of our strategic partnership with Microsoft as an Azure Orbital connectivity partner and satellite partner for Azure Modular Data Centres. We took measures early in the development of the COVID-19 pandemic to protect the bottom line and the benefits of these cost-saving measures are reflected in our resilient Adjusted EBITDA performance. Execution remains the priority with the business well placed to deliver on our full year outlook.

We are executing strongly on the four transformational initiatives which, together with ongoing execution in the core of the business, will deliver substantial value for our shareholders. I am particularly pleased with the progress being made towards repurposing U.S. C-band with the transition plan fully on track, the FCC auction due to start next month and deadline for realising the first relocation payment now only 13 months away. We have fully implemented measures to focus the business, simplify operations and unlock EUR 40-50 million of annualised EBITDA savings from 2021. We have chosen not to pursue the separation of Networks within SES at this time in favour of driving strong operational focus within our Video and Networks businesses.

We are already strongly differentiated in Networks and, with the launches of SES-17 and O3b mPOWER less than a year away, we are continuing to deliver on our vision for cloud-enabled, multi-orbit, seamless, automated and flexible network services. We have already signed USD 500 million in contract backlog for SES-17 and O3b mPOWER and will report regularly on our progress as we move towards launch of our Network of the Future'. An important enabler for this network is our cloud-first strategy. With SES now an Azure Orbital connectivity provider, our partnership with Microsoft has extended to co-located O3b mPOWER gateways ensuring that Azure is only ever one hop away for our customers.

About SES SES has a bold vision to deliver amazing experiences everywhere on earth by distributing the highest quality video content and providing seamless connectivity around the world. As the leader in global content connectivity solutions, SES operates the world's only multi-orbit constellation of satellites with the unique combination of global coverage and high performance, including the commercially-proven, low-latency Medium Earth Orbit O3b system. By leveraging a vast and intelligent, cloud-enabled network, SES is able to deliver high-quality connectivity solutions anywhere on land, at sea or in the air, and is a trusted partner to the world's leading telecommunications companies, mobile network operators, governments, connectivity and cloud service providers, broadcasters, video platform operators and content owners. SES's video network carries over 8,300 channels and has an unparalleled reach of 367 million households, delivering managed media services for both linear and non-linear content. The company is listed on Paris and Luxembourg stock exchanges (Ticker: SESG). Further information is available at: www.ses.com

Presentation of Results A presentation of the results for investors and analysts will be hosted at 9.30 CET on 5 November 2020 and will be broadcast via webcast and conference call. The details for the conference call and webcast are as follows:

U.K. (Standard International Access): 44 (0) 20 3003 2666

France: 33 (0) 1 7037 7166

Germany: 49 (0) 30 3001 90612

U.S.A.: 1 212 999 6659

Confirmation code: SES

Webcast registration: https://channel.royalcast.com/webcast/ses/20201105_1/

The presentation is available for download fr
LINK: https://www.ses.com/press-release/ytd-2020-results...
See more stories from ses

Most recent headlines

03/06/2024

Dalet and Veritone Reach Agreement to Distribute, Transact and Monetize Media Archives

Dalet, a leading technology and service provider for media-rich organizations, a...

28/03/2024

Sinclair Selects Embrace as Its Media Orchestration Engine

PARIS Embrace, a developer of advanced automation and orchestration software solutions, has announced that Sinclair Broadcast Group has selected Embrace's P...

28/03/2024

Nielsen and Circle City Broadcasting Renew Local TV Measurement Deal

NEW YORK Nielsen has a multi-year renewal with Circle City Broadcasting, Indianas only locally owned and operated broadcast and digital news media network, for ...

28/03/2024

JVC to Demo Its First Ever 40x Zoom PTZ Camera Series at 2024 NAB Show

LAS VEGAS JVC Professional Video has announced that it will debut its new KY-PZ540 Series PTZ Cameras with 40x zoom at 2024 NAB Show (Booth C4720)....

28/03/2024

Brightcove Launches Cloud Playout 2.0

BOSTON Brightcove has announced the launch of Cloud Playout 2.0, a platform that the company said will offer customers new ways to create linear channels, monet...

28/03/2024

NBC Sports Chicago to Air First-Ever Animated Real-Time Local Sports Telecast

The Chicago Blackhawks and NBC Sports Chicago have announced a collaboration with the NHL to bring fans the first-ever local animated real-time sports telecast....

28/03/2024

The Best News Coverage is Real, Live, Balanced, Professional

The Best News Coverage is Real, Live, Balanced, Professional Andy Marken March 28, 2024 0 Comments Hero image source News of the World, Perfect Wo...

28/03/2024

Smoke and Mirrors: Wednesday's episode, 27 March 2024 [VIDEO]

Smoke and Mirrors: Wednesday's episode, 27 March 2024 [VIDEO]Stay up to date with the latest episodes of your favourite South African soapie on The South Af...

28/03/2024

Muvhango: Wednesday's episode, 27 March 2024 [VIDEO]

Muvhango: Wednesday's episode, 27 March 2024 [VIDEO]Stay up to date with the latest episodes of your favourite South African soapie on The South African web...

28/03/2024

Gqeberha: The Empire - Wednesday's episode, 27 March 2024 [VIDEO]

Gqeberha: The Empire - Wednesday's episode, 27 March 2024 [VIDEO]Stay up to date with the latest episodes of your favourite South African soapie on The Sout...

28/03/2024

Skeem Saam: Wednesday's episode, 27 March 2024 [VIDEO]

Skeem Saam: Wednesday's episode, 27 March 2024 [VIDEO]Missed an episode of Skeem Saam? No problem! Watch the latest episode of your favourite South African ...

28/03/2024

House of Zwide: Wednesday's episode, 27 March 2024 [VIDEO]

House of Zwide: Wednesday's episode, 27 March 2024 [VIDEO]Stay up to date with the latest episode of South African soapie House of Zwide on The South Africa...

28/03/2024

My Brother's Keeper: Wednesday's episode, 27 March 2024 [VIDEO]

My Brother's Keeper: Wednesday's episode, 27 March 2024 [VIDEO]Stay up to date with the latest episodes of your favourite South African soapie on The So...

28/03/2024

Uzalo: Wednesday's episode, 27 March 2024 [video]

Uzalo: Wednesday's episode, 27 March 2024 [video]Stay up to date with the latest episodes of your favourite South African soapie on The South African websit...

28/03/2024

Scandal!: Wednesday's episode, 27 March 2024 [VIDEO]

Scandal!: Wednesday's episode, 27 March 2024 [VIDEO]Stay up to date with the latest episodes of your favourite South African soapie on The South African web...

28/03/2024

Umkhokha: The Curse - Wednesday's episode, 27 March 2024 [VIDEO]

Umkhokha: The Curse - Wednesday's episode, 27 March 2024 [VIDEO]Stay up to date with the latest episodes of your favourite South African soapie on The South...

27/03/2024

UKTV sets up second series of Dream Car Fixers for Yesterday and UKTV Play

Wednesday 27 March 2024 - UKTV has commissioned a second series of Dream Car Fixers (6x60) for leading factual channel Yesterday and free streaming service UKTV...

27/03/2024

Inside the Archives: It's Lights, Curtains, Action When Sundance Films Become Stage Productions

By Jen Scott It's time to unwrap those noisy candies and put your phone on ...

27/03/2024

Paving the Way' for Spotify's NextGen Scholarship Recipients

Spotify is committed to amplifying the voices of underrepresented groups, and that starts with empowering the creators who will shape our industry's future....

27/03/2024

Sencore and Showfer Announce Collaboration at NAB 2024, With a Brand-New Content Management and Distribution Solution

Las Vegas, NV, April 14-17, Booth W2401 Sencore, a leading provider of profess...

27/03/2024

Living Black, the longest-running Indigenous current affairs television program in Australia, returns for its 21st year with new guests

Living Black, the longest-running Indigenous current affairs television program ...

27/03/2024

I Am L3Harris - Sam Bonelli

I'm proud to be a woman in aerospace making an impact on our world and among my peers, team and future generations of women in STEM....

27/03/2024

Bitmovin to Show Live Encoder Running on Akamai Cloud at NAB Show

DENVER Bitmovin has launched its Live Encoder running on the Akamai Cloud Computing, optimizing live streaming and reducing total streaming costs by up to 90%, ...

27/03/2024

Hulu Launches on Disney+

BURBANK, Calif. The Walt Disney Company has officially launched Hulu on Disney+ in the U.S. in a move that brings together the extensive Disney+ and Hulu librar...

27/03/2024

WJLA Studio A Revamp Features Brightline Lighting

WASHINGTON D.C. WJLA, Sinclair Broadcast Group's flagship TV station in the nation's capital, has revamped its Studio A news studio with lighting soluti...

27/03/2024

NCAA: March Madness Sees Strong Audience Growth

The NCAA has released figures showing that the NCAA Division I Men's Basketball Championship and the Division 1 Women's Basketball Championship both saw...

27/03/2024

Mediahaus GmbH Brings SRT Live Streaming to the Mountain Attack with 5G and URSA Broadcast G2

Mediahaus GmbH Brings SRT Live Streaming to the Mountain Attack with 5G and URSA...

27/03/2024

Instant Latte: NVIDIA Gen AI Research Brews 3D Shapes in Under a Second

Instant Latte: NVIDIA Gen AI Research Brews 3D Shapes in Under a Second Isha Salian March 27, 2024 0 Comments The LATTE3D model rapidly transforms tex...

27/03/2024

NAB Show Exhibitor Insight Matrox Video

TV TECH: What do you anticipate will be the most significant technology trends at the 2024 NAB Show? TVT: What will be your most important product news? TVT: Ho...

27/03/2024

I knew there were cameras, lighting, some buttons and microphones involved': How Crew Room Academy is inspiring the next generation

TVBEurope hears from some of the students who took part in Crew Room Academys Sc...

27/03/2024

Adobe reveals Gen AI solutions for content supply chain

Elsewhere, Adobe revealed a new feature in Adobe Firefly, which uses the companys generative AI to easily apply the structure of an existing image to newly gene...

27/03/2024

Best of Show Awards for 2024 NAB Show entries close soon

The awards, from industry-leading brands of Future plc, provide a great opportunity for companies to stand out at one the most attended shows in the industry B...

27/03/2024

Meet the director of IT and operations

By TVBEurope Staff Published: March 27, 2024 CueScript's director of IT and operations, Meghan Tyler, tells TVBEurope about how she started her media c...

27/03/2024

CueScript Poised to Transform the Prompting Experience wi...

CueScript, the leading developer of professional teleprompting solutions, is poised to transform the prompting experience with a line-up comprised of world firs...

27/03/2024

BeckTV to Focus on Systems Integration for Sports Venues...

Visit Beck TV at 2024 NAB Show at Booth C4035 BeckTV, a premier systems integrator for the broadcast media industry, will showcase its facility design, enginee...

27/03/2024

Arkona to Introduce BLADE master Control and Orchestratio...

arkona technologies GmbH, provider of IP core infrastructure solutions for top-tier broadcast productions, is cutting through the complexity of live production ...

27/03/2024

KRK Launches ROKIT Generation Five Studio Monitors

As the unwavering cornerstone of professional audio monitoring for over three decades, KRK earned its reputation through a rich history of innovation and precis...

27/03/2024

Join Maxon for NAB 2024

Maxon, developers of professional software solutions for editors, filmmakers, motion designers, visual effects artists, and creators of all types, is excited to...

27/03/2024

OpenDrives Reinvents Media Industry Infrastructure Invest...

OpenDrives, Inc., the global provider of software-defined media workflow solutions and data management capabilities, will unveil its new Atlas platform and busi...

27/03/2024

Pixotope NAB 2024 Virtual Production Showcase Shapes the...

Pixotope, the leading software platform for end-to-end real-time virtual production solutions, is ushering in a new era of immersive storytelling at NAB 2024. A...

27/03/2024

Dolby Atmos-enabled CMP Studio Tackles Immersive Mixing W...

Like many in the industry, Multi-platinum, Award-winning Producer, Engineer, Mixer, Songwriter and Musician Clint Murphy's latest work has been consumed by ...

27/03/2024

Ateliere Creative Technologies Unveils the Future of Medi...

Ateliere Locations: AWS Partner Village W1343 F, W1343 S and Fontainebleau Hotel Contact: Arianna Ruvalcaba, Arianna.Ruvalcaba@ateliere.com Century City, Cal...

27/03/2024

Imagine Enables Unified Control of Hybrid On-prem and Clo...

At the 2024 NAB Show (April 14-17, Las Vegas Convention Center, booth W2467), Imagine Communications is making it easier for media companies to efficiently oper...

27/03/2024

LG Studio Series DVLED Displays Make Virtual Production A...

LG Business Solutions USA, a leading innovator of cutting-edge display technologies, has introduced LG Studio Series DVLED, a new family of advanced giant-scree...

27/03/2024

ZTransform Appoints Bob Hawkanson as SVP of Sales for Nor...

Systems and solutions provider continues team expansion and accelerates nation-wide growth strategy ZTransform, a leading technology systems and solutions pro...

27/03/2024

Appear Showcases Groundbreaking Live Production Technolog...

Appear, the global leader in live production technology, will demonstrate its innovative solutions for contribution, remote production and distribution at NAB S...

27/03/2024

Grass Valley expands PHABRIX T and M inventory with QxP p...

Test & measurement innovator, PHABRIX, has announced that Grass Valley has expanded its already-extensive inventory of PHABRIX test & measurement (T&M) equipmen...

27/03/2024

Arrow Media Targets High-Efficiency Story-Telling with Li...

Arrow Media, an award-winning producer of documentary, factual and non-scripted content, creates high quality programming covering a wide range of subjects. Est...

27/03/2024

Planetcast Expands OTT Solutions with Acquisition of Switch Media

SYDNEY & DELHI Planetcast Media Services, a leading media technology services provider in India and Southeast Asia, has acquired one of its key partners, Switch...

27/03/2024

Sony Pictures Expands its FAST Business

Sony Pictures Entertainment (SPE) has announced plans to launch its portfolio of free, ad-supported streaming television (FAST) channels on LG Channels, Samsung...