The Americas remain powerhouse for Hispasat | Satellite | News | Rapid TV News
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With the latest satellite having just been launched from Cape Canaveral, Hispasat has reported on its yearly business activity, two-thirds of which is based in the Americas.

hispasat 30w 6 24 feb 2018The Spanish satellite operator reached a net profit of €80.5 million in 2017, up 22% year-on-year. Total revenues stood at €235.1 million, up 2.7% over the last 12 months.

While business in Europe seems to have improved since 2016, it accounted for 36.4% of Hispasat’s total revenues, while 62.7% was generated by the American operations, specifically in LATAM and Brazil.

“During 2017 Hispasat has continued to carry out intense commercial work in order to offer the best communications solutions and to answer the market's new demands. As a consequence, the company's guaranteed long-term satellite capacity contracts (back-log) continues to be among the highest in the sector, at 4.4 times Hispasat's annual revenues,” said the operator.

2017 was also a year of growth for Hispasat’s fleet, with two successful launches (the Amazonas 5 and the Hispasat 36W-1) and a third satellite just launched.

“The satellite market is in complete evolution: changes are occurring in the business models and new technologies and new players are appearing on the market. This year we have managed to consolidate our revenues and increase our profits thanks to the excellent management of the company's team of professionals, but we are facing new challenges. Consumer habits, both for television as well as for data, are changing, and the satellite sector must adapt to these changes,” added Elena Pisonero, president, Hispasat.