SeSa (SES) Q1 2027 earnings summary

Executive summary

• Consolidated revenues and other income reached €901.1 million (+6.5% Y/Y), driven by organic growth across core business sectors.

• EBITDA increased to €65.3 million (+7.6% Y/Y), with a margin of 7.2%.

• Adjusted EAT rose to €30.1 million (+7.1% Y/Y); reported EAT was €25.4 million (+8.1% Y/Y).

• Net financial position improved to €23.4 million net debt from €64.9 million a year earlier, reflecting strong cash generation and investments.

• Dividend per share increased to €1.33 (+33% Y/Y), with a new buy-back program and stock grant plan launched.

Financial highlights

• Revenues and other income: €901.1 million (+6.5% Y/Y); EBITDA: €65.3 million (+7.6% Y/Y); Adjusted EBIT: €50.2 million (+6.2% Y/Y); Reported EBIT: €41.4 million (+7.5% Y/Y).

• EBITDA margin: 7.2% (flat Y/Y); EBIT Adjusted margin: 5.6%.

• Net financial charges were €7.5 million, improving by 11% sequentially.

• Shareholders’ equity increased to €547.1 million as of July 31, 2026.

• Net financial position (excluding IFRS liabilities): €149.8 million net cash.

Outlook and guidance

• FY 2027 guidance confirmed: revenue growth of 5%-7.5%, EBITDA growth of 5%-10%, and adjusted EAT growth of 7.5%-12.5%.

• FY 2028 targets: revenues of €4.1 billion, EBITDA over €300 million, and Group Adjusted EAT of €130 million.

• High single-digit growth expected in Green VAS and ICT VAS, double-digit in Business Services, low single-digit in SSI.

• Focus on organic growth, digital integration, AI & automation, and operational efficiency.

• Software and System Integration expected to return to growth from Q2 2027.