Hispasat ups Revenue by 6.85% to €200.3 million; OKs €7.7 million Dividends

Madrid, Spain , June 20, 2013 —The Hispasat Group closed fiscal year 2012 with revenues of €200.3 million (US$265.29 million), representing a 6.85 percent increase over 2011, €196.6 million (US$260.47 million) of which were derived from leasing space capacity.

At the General Meeting of Hispasat shareholders, the company reported that €98.8 million (US$130.90 million) were generated from the 30° West orbital position (Hispasat 1C, 1D and 1E satellites), while the 61° West position (Amazonas 1 and 2 satellites) generated revenue of €97.8 million (US$129.57 million).

By geographic areas, 54.5 percent of 2012 revenue came from the American continent, particularly Latin America, where turnover increased 13.8 percent. European customers represent 44.4 percent of turnover, and the remaining 1.1 percent, other regions.

Hispasat said consolidated EBITDA grew to €161.1 million (US$213.41 million) [€154.7 million euros (US$204.98 million) in 2011], with a margin of over 80 percent, making the company one of the most profitable and efficient satellite companies in the world.

The Hispasat Group reported consolidated operating profit at €70.6 million (US$93.54 million), the same as the prior year. However, net profits decreased by 6.5 percent to €51.5 million (US$68.23 million) due to the adjustments mostly in amortizations.

Nonetheless, Hispasat said, isolating the effect of the adjustments, the net result for this fiscal year would surpass by 8.7 percent what was registered in the prior fiscal year.

Hispasat said it made important investment and innovation efforts in 2012, reaching a new record of €168.2 million (US$222.84 million).

The company revealed that in the last 6 years, it has invested more than €712 million (US$943.36 million) in advanced technology and forecasts to reach a total of one billion euros (US$1.32 billion) by 2016, since various new satellite programs would have been in place, as well as research and development projects for new products and services.

The General Shareholders’ meeting also approved the distribution of a shareholder dividend of more than €7.7 million (US$10.2 million). The dividend proposal means a pay-out of 15 percent with respect to consolidated net result, two points less than last year.

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