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Hispasat posts solid revenue growth

Spanish satellite operator Hispasat saw revenues pass the €200 million mark in 2012, a 6.85% increase on the previous year.

Hispasat posted revenues of €200.3 million and consolidated EBITDA of €161.1 million, up 4.15%. The company said it made a record investment of €168.2 million over the year.

Carlos Espinós, CEO, said, “The results for 2012 demonstrate that the internationalisation of the business was a good decision.  At a time when European markets are stagnated, or even retracting, activity in American markets allowed us to balance revenue, so that we could continue to grow and expand our 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.”