By 30 June 2022, the company had a revenue of €899m, a 2.8% year-over-year growth, and an adjusted Ebitda (earnings before interest, taxes, depreciation and amortisation) of €545m. Its adjusted net profit for the six-month period stood at €168m, a year-on-year improvement of 11%.
I am pleased with our H1 2022 results reflecting solid execution across the business
Over 90% of 2022 of the group’s revenue outlook (€1,750-1,810m) is under contract too.
For the group, which provides broadband services on a global level among other activities, the second half of the year is also set to meet its growth expectations, it states in . SES is “on track to deliver robust 2022 Revenue and EBITDA and drive long-term value from differentiated growth investments,” it says.
“I am pleased with our H1 2022 results reflecting solid execution across the business and affirming that we are fully on track to deliver on our full year revenue and EBITDA outlook,” SES CEO Steve Collar commented on the results.
Satellite launches and cost reimbursements
The operator based in the grand duchy also celebrated some milestones. Among these are the successful launch of the SES-22 satellite--which is now in service--cost reimbursements of over €520m and a C-band clearing for Verizon of more than 50%, which the company sets out to complete for the end of 2022. For this clearing, the business expects a gross payment of up to $170m.
SES in recent months has been part of several international actions and agreements. In May, for instance, the group signed a five-year to continue supplying satellite communications capacity for the country’s army. In March 2022 it , and a US defence contractor’s satellite business.
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Potential deal with Intelsat to stay competitive
SES is allegedly in discussion with US group Intelsat too so they are “not left isolated in a fast-consolidating industry that is battling challengers such as Elon Musk,” reports the on 4 August.
Currently, SES has not commented on this information and no deal has been struck, but the actors could be discussing the structure of a potential agreement that could turn them into a group with a $4bn annual revenue. This move, if signed, would follow a merger trend observed in the satellite industry, the news site says.