Page 8 - hisdeSAT annual report 2014

Presentation

Letter to Shareholders

Dear Shareholders, to normalise our financial situation
allow us to now face the future and
Finally we have reached the starting be confident that our new systems
point of a new phase during which will be able to be implemented
expansion plans that were put into without major problems and help
place by previous management to turn the expectations defined in
teams, will come to fruition. At the the strategic plan into reality.
same time, the overall situation of
the country has improved to the The past year, the object of this re-
point where one can glimpse light port, may therefore be described as
at the end of the tunnel that has a period of stabilisation, transition
been the profound economic crisis and preparation in all areas, prepa-
affecting all of our neighbouring ring us for the profound transfor-
countries, and particularly Spain. mations expected in the current
year with the entry into service of
Now, at the early stages of a new be- PNOT, as well as the considerable
ginning still fraught with some risk
Juan Antonio del Castillo Masete and uncertainty, but also ripe with expansion of our AIS capabilities.
Chairman of Hisdesat
opportunities, the company can In this new dimension, the com-
look back at the past with satisfac- pany will be in a position to provide
tion. Efforts made in previous years national decision-makers with the

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