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International growth boosts Hispasat

Spanish satellite operator Hispasat reported revenues of €181.3 million for last year, up 20.2% on 2009.

EBITDA for the years was €144.5 million, up from €116.7 million.
Hispasat said that some 44% of its revenues now came from outside Spain and Portugal. Petra Mateos, chairman of Hispasat, said: “The results achieved during this period affirm the value of a robust and sustainable business model that Hispasat has consolidated in recent years. We continue to maintain a leadership position in our markets, with a strategy close to the needs of our customers that makes us confident of our continued success. We are a profitable company with recurring revenue and a solid financial position, with capacity to invest in new projects and a recognized commitment to quality and innovation in our services.”