HISPASAT reaches a new revenue heights in 2011 of 157.5 million euros
24 April 2012
HISPASAT, has increased revenue in 2011, which grew 3.4 per cent over the previous year, reaching a total of 187.5 million euros. Consolidated EBITDA was at 154.7 million euros, 7 per cent more than 2010. EBITDA margin increased 2.8 points to 82.5 per cent, which demonstrates HISPASAT´s efficient management in 2011, a year in which the company reduced operating costs 120.9 per cent from 2010.
For Carlos Espinós, Chief Executive Officer of HISPASAT, “the results obtained in 2011 confirm
the validity and strength of the business model established by HISPASAT, which is capable of
increasing operating revenue even in such a complex context like the one we experienced last
year, marked by the economic crisis. These figures allow us to maintain our position among the
most important satellite operators in the world, the leader in content in Spanish and Portuguese,
and indicate the high level of efficiency achieved by the company. This effective management,
the robustness of our financial structure and our backing of innovation and service quality
guarantee the continuity of HISPASAT´s growth in the future”.
With regards to the evolution of financial results, the HISPASAT Group obtained, at the close of
2011, consolidated operating profit of 70.6 million euros (2.2 per cent more than 2010) and
consolidated before-tax result of 74.3 million euros (4.3 per cent more than the prior year).
Of the total revenue registered by the Group in 2011, 182.4 million euros are derived from
revenue from the leasing of space capacity, with 50 per cent from clients located in Europe and
49.1 per cent from clients in the Americas, where the commercial effort made has consolidated
HISPASAT´s strong presence in the region, where it has a significant market share. The
remaining 0.9 per cent is attributable to other regions.
HISPASAT´s revenue growth is mainly due to the commercialization of the Amazonas 2 and
Hispasat 1E satellites, launched in 2009 and 2010, respectively; to the expansion of its client
portfolio and to the Group´s increased internationalization and diversification, which has
positioned it in just a few years in a strong competitive position within the sector.
In 2011, HISPASAT has continued to provide advanced communications services to
telecommunications operators in the audiovisual sector and in the corporate and governmental
arenas, areas in which the Group has substantial experience, as well as broadband Internet
access and IP telephony services for which HISPASAT´s satellites provide platforms for
strategic connectivity for their deployment. HISPASAT has also continued to develop advanced
solutions for its clients in rural or mobile broadband access arenas, as well as in the field of
audiovisual applications (High Definition TV, Hybrid TV, 3D and DTT via satellite).