on STORE ELECTRONIC SYSTEMS (SES) (EPA:SESL)
Store Electronic Systems Reports Robust H1 2026 Results
Store Electronic Systems (SES) announced a strong performance in the first half of 2026, reporting a revenue of €820 million based on IFRS standards, a 34% increase from the previous year. On an adjusted basis, revenue stood at €839 million, reflecting a 29% rise. This growth aligns with SES's strategic objectives, bolstered by a 37% increase at constant exchange rates.
The company's Value-Added Services (VAS) showed impressive growth, with revenues of €125 million, marking a 39% increase, driven by a 73% surge in recurring VAS revenue. SES's adjusted EBITDA reached €160 million, up by 48%, while the adjusted net income marked an 81% increase.
Looking ahead, SES maintains a positive full-year outlook, targeting a 15% to 20% growth in adjusted revenue. The company expects to continue its strong momentum in the VAS segment and plans to enhance profitability and cash flow efficiency.
R. P.
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