Hispasat Logs $245 Million in 2015 Revenue – Satellite Today

Hispasat control center

Hispasat control center. Photo: Hispasat

[Via Satellite 02-17-2016] Spanish satellite operator Hispasat reached $245 million in total revenue for the 2015 business year, representing an 8.7 percent increase from the previous business year. Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) reached $199 million, which translates to a 10.6 percent increase compared to 2014. Of the net results, approximately $70 million ($19 million more than in 2014) are attributed to the Hispasat Group parent company.

Hispasat’s space capacity revenue also grew to $241 million; a 9.72 percent increase from the previous business year. The operator benefitted from the positive exchange rate, favored by the strong U.S. dollar, which offset the sharp depreciation of the Brazilian real.

Geographically, 34.6 percent of the Hispasat Group’s revenue from leasing space capacity comes from Europe and North Africa, while 65.4 percent stems from the Americas. Hispasat’s backlog of satellite capacity contracts reached a value equivalent to seven times the company’s annual revenue by the end of the business year.

The post Hispasat Logs $245 Million in 2015 Revenue appeared first on Via Satellite.


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