Hispasat full year up 8.7%
February 15, 2016
Spanish satellite operator Hispasat has posted strong full-year results for 2015, driven by growth in Latin America.
The company posted revenues of €219.6 million for the year, up 8.7 per cent, and EBITDA of €178.9 million, up 10.6 per cent, with an operating margin of 81.5 per cent. Revenue from space capacity reached €216.4 million, up 9.7 per cent, lifted by exchange rate fluctuations.
“The strategy developed by the company in 2015 has yielded positive results and allowed it to grow. In this business year we have worked intensely and put our efforts towards the entry into new markets, such as Morocco. We have gained new orbital positions, formed alliances with other operators and renewed and expanded contracts with major clients, particularly in Latin America, in countries such as Brazil, Peru, Mexico and Colombia,” commented Hispasat president Elena Pisonero.