# Ses S.a. (SGBAF)

> Communication Services · LU · Reports in EUR

Fundamental indicators from Sponda, adjusted for inflation.

[HTML version](https://sponda.capital/en/SGBAF/fundamentals)

## Annual figures

| Year | Revenue (M) | Net Inc. (M) | FCF (M) | Debt (M) | Equity (M) |
| --- | --- | --- | --- | --- | --- |
| 2025 | € 2.67B | € -96.51M | € -25.40M | € 7.46B | € 2.10B |
| 2024 | € 2.59B | € 82.88M | € 102.57M | € 4.57B | € 3.42B |
| 2023 | € 2.15B | € -960.37M | € 3.19B | € 4.20B | € 3.08B |
| 2022 | € 2.12B | € -38.22M | € 20.75M | € 4.39B | € 5.60B |
| 2021 | € 2.09B | € 540.19M | € 1.06B | € 3.61B | € 5.67B |
| 2020 | € 2.30B | € -107.40M | € 859.93M | € 3.97B | € 5.37B |
| 2019 | € 2.42B | € 369.72M | € 842.67M | € 4.47B | € 6.17B |
| 2018 | € 2.45B | € 369.85M | € 0 | € 4.42B | € 6.15B |
| 2017 | € 2.61B | € 765.45M | € 0 | € 3.95B | € 5.99B |
| 2016 | € 2.69B | € 1.25B | € 0 | € 4.43B | € 6.81B |
| 2015 | € 2.65B | € 716.90M | € 0 | € 4.43B | € 3.93B |
| 2014 | € 2.53B | € 792.38M | € 0 | € 4.49B | € 3.40B |
| 2013 | € 2.45B | € 745.89M | € 0 | € 4.35B | € 2.82B |
| 2012 | € 2.43B | € 861.46M | € 0 | € 4.23B | € 2.81B |
| 2011 | € 2.35B | € 838.46M | N/A | € 4.20B | € 2.53B |
| 2010 | € 2.42B | € 680.93M | N/A | € 4.08B | € 2.09B |
| 2009 | € 2.43B | € 678.78M | N/A | € 3.85B | € 1.59B |

Columns not available in this view: annualPriceMultiples, dividends. They require live market data and are shown on the HTML page instead.

## Leverage and liquidity

| Indicator | Value |
| --- | --- |
| Gross Debt / Eq | 3.56 |
| Liabilities / Eq | 5.51 |
| Current Ratio | 0.87 |

## Debt coverage

| Indicator | Value |
| --- | --- |
| Gross Debt / Earnings | 31.08 |
| Gross Debt / FCF | 12.31 |

## Other views

- [Metrics](https://sponda.capital/en/SGBAF.md)
- [Charts](https://sponda.capital/en/SGBAF/charts.md)
- [Compare](https://sponda.capital/en/SGBAF/compare.md)
- [Indicator definitions](https://sponda.capital/en/screener.md)

Data as of 2026-08-23.