February 24, 2017 / 7:21 AM / 5 months ago

BRIEF-SES FY attributable net profit rises to EUR 962.7 mln

2 Min Read

Feb 24 (Reuters) - SES SA:

* FY reported revenue of 2,068.8 million euros ($2.19 billion), up 2.7 pct over prior year (up 2.4 pct at constant FX)

* FY group EBITDA margin of 70.2 pct (2015: 74.2 pct)

* FY net profit attributable to SES shareholders of 962.7 million euros (2015: 544.9 million euros)

* FY net debt to EBITDA ratio 3.09x (2015: 2.54x)

* Board of SES is proposing a dividend of 1.34 euro for each class A share and 0.536 euro for each class B share

* For 2017, SES is targeting stable to slight revenue growth across video and government, complemented by a return to growth in enterprise and strong growth for mobility

* SES's EBITDA margin is expected to be broadly stable for 2017 and 2018 and rising slightly thereafter

* Operating profit margin is expected to significantly improve to more than 40 pct in medium-term

* Says will significantly grow return on invested capital (ROIC) to over 10 percent in the medium-term Source text for Eikon: Further company coverage: ($1 = 0.9446 euros) (Gdynia Newsroom)

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