Hispasat revenue up 4.2%

Spanish satellite communications operator Hispasat reached in €228.9 million in total revenue in the 2016 business year, a 4.2 per cent increase on 2015.

Revenue from space capacity has also increased, having reached €225.5 million, 4.2 per cent more than in 2015. By geographic area, 35.4 per cent of the revenue from leasing Group space capacity came from Europe and Northern Africa, while 64.6 per cent came from the North and South American market.

Elena Pisonero, president of Hispasat, commented, “2016 was a very intense year in which the company faced several challenges and unexpected situations but, even so, we were able to overcome them positively and keep growing our revenue. Despite the complicated situation in the satellite market, Hispasat continues to be one of the most profitable and efficient operators in the sector. We continue to work on our strategic growth path as we focus on developing our satellite projects, which will become a reality in 2017, applying innovation in the search for new solutions and products, and offering the best telecommunication services to our clients.”

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