HISPASAT Consolidates its Strategic Plan with 181 million euros in revenues in 2021

摘要

The General Shareholder's Meeting of HISPASAT, the Spanish satellite solutions and services operator and provider of the Red Electrica Group, has unanimously approved today the annual accounts for 2021, in which the company reached total revenue of 181 million euro, which represents a 14.9% increase over the revenue earned in 2020.On a like-for-like basis, isolating the effect of exchange rates, organic business growth reached 9% compared to 2020, a highly positive trajectory compared to the rest of the satellite sector which recorded losses of around 3%. By geographic areas, 72.5% of the company's business came from the Americas, while 27.5% come from the European market.With these results, HISPASAT completes its reorganization and consolidates the goals set forth in its 2021-25 Strategic Plan. In line with the company's defined transformation process, the managed services business -both broadband as well as video- now represents 15% of the Group's total revenues, thanks in large part to the contribution coming from the video signal management and transportation business acquired in Latin America.