...a dividend payout of more than 9.5 million euros to shareholders. The proposed dividend maintains the same payout than in 2010 with respect to net consolidated results, despite the adverse economic conditions. In this way, the Group´s shareholders receive high returns while sufficient resources remain for the company to carry out the investments set out in its Growth Plan.

During 2011, the HISPASAT Group once again increased revenue, reaching 187.5 million euros, a 3.4 per cent increase over the prior fiscal year. Of total revenue, 182.4 million euros correspond to space capacity leasing. 50 per cent of this amount came from Europe, while the revenue generated in America, where the Group has significant market share, now surpasses 49 per cent. 0.9 per cent of revenue was derived from other regions.

During the last fiscal year, consolidated EBITDA was at 154.7 million euros, 7.0 per cent more than in 2010, and EBITDA margin increased 2.8 percentage points to 82.5 per cent, which demonstrates the efficiency of HISPASAT´s management in 2011, a year in which the company reduced operating expenses 10.9 per cent over the prior year. At the close of 2011, consolidated operating profit for the HISPASAT Group reached 70.6 million euros (2.2 per cent more than 2010), and consolidated, before tax results were 74.3 million euros (4.3 per cent more than the previous year).