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HISPASAT increases net profit 50.3 per cent, to 70.6 million euros

The satellite operator´s revenue, boosted by its internationalization and the diversification of its business lines, surpasses 150 million euros.

The company´s EBITDA rose to more than 116 million euros, with profit and efficiency levels that position HISPASAT as one of the world´s most important satellite operators.

HISPASAT pays a new historic dividend of 12.2 million euros.

The successful launch of Amazonas 2, the satellite with the broadest coverage over the American continent, reinforces HISPASAT´s presence in America and strengthens its leadership on this continent.

At the close of fiscal year 2009, HISPASAT, the world´s seventh satellite operator by revenue, reported the best operations and financial results of its history, beating its goals and forecasts for the fifth year in a row. Consolidated net profit was 70.6 million euros at the close of 2009, a 50.3 per cent increase with respect to 2008 for this leading operator in the broadcast and distribution of Spanish and Portuguese channels.

For Ms. Petra Mateos, Chairwoman of HISPASAT, "these results demonstrate the success of the growth strategy approved by the company´s Board of Directors in 2006, whose first milestone was the launch last October of the Amazonas 2 satellite, in operation since last December. We have strengthened a solid and sustainable business model, focussed on providing quality and high value added services. Dirección de comunicación 2

HISPASAT has become a profitable group, with recurring and rising profits, with a recognized position in the sector and with a brilliant future."

The total amount of accumulated revenue for the HISPASAT Group as of 31 December, 2009 was 150.8 million euros, doubling that obtained in 2004. Of that total, 147.9 million euros were attributable to space capacity revenue, of which 100.8 million euros were obtained from the 30º West orbital position. The revenue generated from the 61º West position surpassed 47.1 million euros at the close of the fiscal year.

 


 
 

 

 

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