Hispasat, increased its revenue in 2012 to 200.3 million euros, (US$264.1) increasing by 6.85% over the previous year largely because of increase in volume of business in Latin America.
Hispasat, the Spanish satellite communications operator, said consolidated EBITDA stood at 161.1 million euros (US$212.29), 4.15% more than in 2011, and the EBITDA margin continued to remain above 80%. The company also recorded new investment of 168.2 million euros (US$221.8) in 2012, increasing the company´s net equity by 6.23% from 2011.
Carlos Espinós, Hispasat CEO, said the results for 2012 demonstrate that while the European markets continued to stagnate, the company was able to raise its revenues from its Latin American markets, allowing it to continue to grow and expand its global business volume.
“We also continued to invest while maintaining our borrowing within very defined limits, which resulted in an equity increase that creates value for our shareholders while ensuring the robustness of our financial structure,” Espinós said.
At the close of 2012, the Hispasat Group obtained consolidated operating profit of 70.6 million euros (US$93.1) and consolidated, before-tax profit of 68.7 million euros (US$90.6), down 7.5% from the previous year.
Of the total revenue reported by the Group in 2012, 196.6 million euros (US$259.3) – 7.8% more than the previous year – were derived from revenue from the leasing of spatial capacity. Forty-four percent of this came from customers in Europe and 55% from customers in the Americas, particularly Latin America where turnover increased 13.8%. The remaining 1% came from customers in other regions.
