HISPASAT distributes a dividend of 12.5 million euros among its shareholders
June 22, 2016
The General Shareholders' Meeting approves annual accounts corresponding to the 2015 business year.
The Spanish operator reached 219.6 million euros in revenue last year, 8.7% more than in 2014.
The company's guaranteed backlog satellite capacity contracts reach a figure equivalent to seven times the company's annual revenue.
Madrid, 22 June 2016 - Today HISPASAT’s General Shareholders’ Meeting unanimously approved the annual accounts corresponding to the 2015 business year, which include the distribution of a 12.5 million euro dividend among shareholders. After another business year, HISPASAT’s financial soundness and high profitability have once again been demonstrated, while at the same time confirming plans for future growth.
In 2015, HISPASAT Group revenues reached 219.6 million euros due to strong commercial efforts throughout the business year. These efforts have been reflected in the figure for backlog satellite capacity contracts, which reached the equivalent to seven years’ revenue for the company, one of the highest in the satellite sector.
216.4 million euros of the total revenue came from leasing space capacity, 9.7% more with respect to the previous year. It is worth nothing that HISPASAT has benefited from the positive effect of the exchange rate, favoured by the strength of the dollar which has offset the sharp depreciation of the Brazilian real.
By geographic area, 65.4% of total revenue from leasing space capacity came from the North and South American market, 33.64% from Europe and 0.96% from other regions.
EBITDA were 178.9 million euros and the EBITDA/income margin reached 81.5%, well above the average for the sector. In 2015, investments reached 245 million euros, a figure that was mainly spent on satellites under construction (Hispasat 36W-1, Amazonas 5 and Hispasat 30W-6), and on innovation projects.
About HISPASAT Group
HISPASAT Group is comprised of companies that have a presence in Spain as well as in Latin America, where its Brazilian affiliate HISPAMAR is based. The Group is a world leader in the distribution and broadcasting of Spanish and Portuguese content, and its satellite fleet is used by important direct-to-home television (DTH) and high-definition television (HDTV) digital platforms. HISPASAT also provides satellite broadband services and other added value solutions to governments, corporations and telecommunication operators in America, Europe and North Africa. HISPASAT is one of the world's largest companies in its sector in terms of revenue, and the main communications bridge between Europe and the Americas.