Hispasat says its now one of the most profitable satellite operators on the market after 2015 revenues reached €219.6 million.
The Spanish satellite operator said its entrance into Morocco had also generated additional revenues.
EBITDA grew to €178.9 million, representing a 10.6% increase year over year.
“The strategy developed by the company in 2015 has yielded positive results and allowed it to grow,” said Hispasat president Elena Pisonero. “In this business year we have worked intensely and put our efforts towards the entry into new markets, such as Morocco. We have gained new orbital positions, formed alliances with other operators and renewed and expanded contracts with major clients, particularly in Latin America, in countries such as Brazil, Peru, Mexico and Colombia.”
Revenue from space capacity grew to €216.4 million. The company also benefitted from a favourable exchange rate.