SES SA (CHIX:SESGp)
€ 6.38 (0%) Market Cap: 5.17 Bil Enterprise Value: 6.59 Bil PE Ratio: 0 PB Ratio: 0.81 GF Score: 72/100
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Full Year 2024 SES SA Earnings Call Transcript

Feb 26, 2025 / 08:30 AM GMT
Release Date Price: €3.75 (-6.91%)

Key Points

Positve
  • SES SA (SGBAF) reported stable revenues for 2024, reaching over €2 billion, which was at the top end of their financial outlook.
  • The company achieved a 1% growth in adjusted EBITDA, exceeding expectations and marking a turnaround after nearly a decade.
  • SES SA (SGBAF) secured over €1.4 billion in renewals and new customer contracts, supporting a gross backlog of €4.8 billion.
  • The company's net leverage remains low at 1.5 times, with €3.2 billion in cash and cash equivalents, maintaining a sector-leading investment-grade balance sheet.
  • The acquisition of Intelsat is on track, with detailed plans for synergies and reaffirmed financial objectives for the combined company.
Negative
  • The fixed data business experienced an 8.7% year-on-year decline due to capacity constraints and competitive pressures.
  • The media segment saw a 5.3% decline, in line with expectations, but still a negative impact on overall performance.
  • There are concerns about potential delays and cost overruns in the Iris Square project, although protections are in place.
  • The company faces increased pricing pressure in the fixed connectivity segment, which could impact margins.
  • The Brazilian customer bankruptcy will have a significant one-off impact on 2025 financials, although SES SA (SGBAF) plans to mitigate this through cost management and growth in other segments.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SESFd.PA - SES SA
Full Year 2024 SES SA Earnings Call
Feb 26, 2025 / 08:30AM GMT

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Presentation
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Unidentified_1 [1]
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Hello and welcome to the FES F full year 2024 results. My name is Laura, and I will be a coordinator for today's event. Please note this call is being recorded, and for the duration of the call, your lines will be on listen and mode. However, you will have the opportunity to ask questions at the end of the call. This can be done by pressing one on your telephone keypad to register your question. If you require assistance at any point, please press star 0, and you will be connected to an operator. I will now hand you over to your host, Richard Whiting, head of investor relations, to begin today's conference.

Thank you.

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Unidentified_2 [2]
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