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SES Publishes Q3 2026 Results Call Transcript

By Public Technologies
  • SES reiterated its 2026 outlook for stable revenue and adjusted EBITDA, cutting core capital expenditure guidance to €600 million from €700 million.
  • CEO Adel Al-Saleh, CFO Lisa Pataki and investor relations head Christian Kern attended the November 5, 2026, third-quarter results call.
  • Third-quarter revenue rose 4.2% year over year; adjusted EBITDA increased 18.6% on a like-for-like basis.
  • Backlog reached €10 billion from €6.4 billion in the second quarter, including €3.4 billion attributable to the IRIS² MEO segment.
  • Net leverage fell to 3.7 times from 4.4 times, supported by €700 million in government advances and milestone payments.


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