Hispasat revenues up 8.7%
June 23, 2016
By Chris Forrester
Madrid-based satellite operator Hispasat reported a growth in revenue of 8.7 per cent at €219.6 million, and its General Shareholder Meeting on June 22nd decided to pay out €12.5 million in shareholder dividends.
“After another business year, Hispasat’s financial soundness and high profitability have once again been demonstrated, while at the same time confirming plans for future growth. These efforts have been reflected in the figure for backlog satellite capacity contracts, which reached the equivalent to seven years’ revenue for the company, one of the highest in the satellite sector,” said a company statement.
€216.4 million of the total revenue came from leasing space capacity, 9.7 per cent more than 2014. It is worth noting that Hispasat has also benefited from the positive effect of the exchange rate, favoured by the strength of the US dollar which has offset the sharp depreciation of the Brazilian real.
By geographic area, 65.4 per cent of total revenue from leasing space capacity came from the North and South American market, 33.64 per cent from Europe and 0.96 per cent from other regions.
EBITDA was €178.9 million and the EBITDA/income margin reached 81.5 per cent, well above the average for the sector. In 2015, investments reached €245 million, a figure that was mainly spent on satellites under construction (Hispasat 36W-1, Amazonas 5 and Hispasat 30W-6), and on innovation projects related to new business.