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SES trims 2020 financial targets, explores separate capital structure for Networks business

2020-03-02 12:04:00| Telecompaper Headlines

(Telecompaper) The announcement coincided with the release of SES' financial results for 2019. The group met its EBITDA objective but revenues came short of expectations as the Video business line failed to close an important contract.�At constant currency, full-year EBITDA decreased 5.5 percent on 2018 to EUR 1.22 billion, as revenues contracted 3.8 percent to EUR 1.98 billion. Free Cash Flow before financing activities fell to EUR 826.3 million from EUR 870.5 million a year earlier. [ more ]

Tags: business capital financial structure

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