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Stock impact report

SES Full Year 2023 Results [Yahoo! Finance]

LEONARDO SPA UNSP/ADR (FINMY) 
NASDAQ:AMEX Investor Relations: leonardocompany.com/en/investitori-investors
Company Research Source: Yahoo! Finance
LUXEMBOURG, February 29, 2024 BUSINESS WIRE )--SES S.A. announces financial results for the twelve months ended 31 December 2023. Revenue of €2,030 million above Full Year 2023 financial outlook Networks (+6.1% YOY ) driving group revenue growth (+0.8%YOY ) with Video (-4.4% YOY Adjusted EBITDA of €1,025 million impacted by unplanned expense in Q4 2023 $3 billion U.S. C-band Accelerated Relocation Payment received, lowering net leverage ratio from 3.5 times to 1.5 times €1 billion of debt repayments planned, including €550 million already repaid in January 2024 Solid Adjusted Free Cash Flow of €431 million during 2023 FY 2023 dividend of €0.50 per A-share to be paid in April 2024, complemented by ongoing €150 million share buyback From FY 2024 onwards SES will move to semi-annual dividend payments, aligning to operational cash flows Rewarding shareholders with additional interim dividend of €0.25 per A-share in October 2024 and, starting in 2025, payment of at least Show less Read more
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